Outlook Money http://outlookmoney.com
outlookmoneyhihttp://outlookmoney.com/rss.xmlwebmaster\@outlookmoney.comwebmaster\@outlookmoney.comHow to start saving for a down payment?http://images.outlookmoney.com/ask/how-to-start-saving-for-a-down-payment-105

Saving to buy property can be tricky. Here’s how you can save and invest for a house down payment

]]>2015-10-13How to save tax on a gifted property?http://images.outlookmoney.com/ask/how-to-save-tax-on-a-gifted-property-106

Capital gains on the sale of a gifted property are taxable for the inheritor. Here’s how you can save on tax.

]]>2015-10-13How to build a sizeable corpus for your child’s future?http://images.outlookmoney.com/ask/how-to-build-a-sizeable-corpus-for-your-childs-future-107

It’s important to plan your child’s future in advance. Here’s how you can make the right investment decisions.

]]>2015-10-13What is the process to add or change residential address in income tax return?http://images.outlookmoney.com/ask/what-is-the-process-to-add-or-change-residential-address-in-income-tax-return-10

Vacant property if having a running loan can be claimed for tax deduction against the net rental value and remaining will be taxable under ‘Income from house property’.

]]>2015-10-13How to file income tax return?http://images.outlookmoney.com/ask/how-to-file-income-tax-return-109
]]>2015-10-13What is the tax impact on transfer of shares?http://images.outlookmoney.com/ask/what-is-the-tax-impact-on-transfer-of-shares-110

In both long term and short term capital gain cases there are some minute differences when it comes under tax exemptions.

]]>2015-10-13How does provident fund get taxable?http://images.outlookmoney.com/ask/how-does-provident-fund-get-taxable-111

Split in employer services within five years led their total contribution to provident fund and the interest earned thereon will be taxable as salary

]]>2015-10-13How to invest in liquid funds?http://images.outlookmoney.com/ask/how-to-invest-in-liquid-funds-112

Annual return from liquid funds are far superior than short term returns and reinvestment into dividends of the liquid fund gives much more positive impact to the overall investment.

]]>2015-10-13How to choose the best Mutual Funds for your portfolio?http://images.outlookmoney.com/ask/how-to-choose-the-best-mutual-funds-for-your-portfolio-113

Dozens of schemes are available for fresher’s to start investment. OLM Elite’s beginner category gives suitable examples to go through.

]]>2015-06-19How is profit from stocks treated for taxation?http://images.outlookmoney.com/ask/how-is-profit-from-stocks-treated-for-taxation-223

The income from investment in stocks will be clubbed with business income and taxed under the head business income.

]]>2015-06-09Is it possible to top-up a home loan to pay off personal loan?http://images.outlookmoney.com/ask/is-it-possible-to-top-up-a-home-loan-to-pay-off-personal-loan-226

One can ask the home loan provider to sanction a top-up loan with the house as security.

]]>2015-06-18Can I include myself as a co-owner of my wife's property to gain tax exemptions?http://images.outlookmoney.com/ask/can-i-include-myself-as-a-co-owner-of-my-wifes-property-to-gain-tax-exemptions-2

Your wife can gift a certain percentage of the ownership (right, title and interest) to you through a proper deed.

]]>2015-05-13How to withdraw from PF account?http://images.outlookmoney.com/ask/how-to-withdraw-from-pf-account-231

There are provisions to dip into future savings to tide over current financial challenges

]]>2015-08-28How to make insurance claim?http://images.outlookmoney.com/ask/how-to-make-insurance-claim-251

Check the claims process and the payout being made before filing claims. Read on to know more.

]]>2015-11-17Is it a good time to invest in banking sector funds?http://images.outlookmoney.com/ask/is-it-a-good-time-to-invest-in-banking-sector-funds-233

You should invest in these funds only if you can stomach the risk involved

]]>2015-05-06Should one invest in a fund with SIP insurance feature?http://images.outlookmoney.com/ask/should-one-invest-in-a-fund-with-sip-insurance-feature-234

If you are investing through the SIP mode, the free insurance cover could prove to be an added benefit.

]]>2015-05-07How to invest in stocks?http://images.outlookmoney.com/ask/how-to-invest-in-stocks-243

Beginners are advised to start with mutual fund instead of directly investing in stocks. Read on to know more

]]>2015-11-05What is pre-approved home loan?http://images.outlookmoney.com/ask/what-is-pre-approved-home-loan-244

A pre-approved home loan means that the bank is granting an in-principal approval to you. Read on to know more

]]>2015-11-05What are the impacts of porting an insurance cover?http://images.outlookmoney.com/ask/what-are-the-impacts-of-porting-an-insurance-cover-248

Porting of insurance policies is not a difficult process. Read on to know the safer side

Redeeming mutual fund investments just because they have gone up in value is a recipe for disaster

]]>2015-04-16Till when does tax re-assessment remain open for audits?http://images.outlookmoney.com/ask/till-when-does-tax-re-assessment-remain-open-for-audits-253

The re-assessment windows for escaped income depend on the amount below and above Rs.1 lakh. Read on to know more

]]>2015-11-18When to invest in gold fund?http://images.outlookmoney.com/ask/when-to-invest-in-gold-fund-256

Invest in gold fund when the need for its consumption is at a later date.

]]>2015-11-18How to earn income from inherited land?http://images.outlookmoney.com/ask/how-to-earn-income-from-inherited-land-257

Income from inherited land depends upon the type of land. Read onto know more

]]>2015-11-18Is it possible to top up home loan to pay personal loan?http://images.outlookmoney.com/ask/is-it-possible-to-top-up-home-loan-to-pay-personal-loan-258

Ask home loan provider to sanction top-up plan with house as security.

]]>2015-11-18Does investing in SIP is better than investing in lump sum?http://images.outlookmoney.com/ask/does-investing-in-sip-is-better-than-investing-in-lump-sum-259

Investors with the knowledge and expertise to understand market timing should take the lump sum route to investment.

]]>2015-11-18What are the benefits of closed end schemes?http://images.outlookmoney.com/ask/ask-question/what-are-the-benefits-of-closed-end-schemes-266
An open-ended diversified equity fund will be equally good.]]>2015-11-21Is it good to invest in sector funds post high returns?http://images.outlookmoney.com/ask/ask-question/is-it-good-to-invest-in-sector-funds-post-high-returns-267
Funds in sectors, such as banking, infrastructure, and FMCG exist and, not all of them are at the top always.]]>2015-11-21How to pay Income Tax?http://images.outlookmoney.com/ask/ask-question/how-to-pay-income-tax-268
Pay income tax on the total salary received.]]>2015-11-21When to claim tax exemption on education loan?http://images.outlookmoney.com/ask/ask-question/when-to-claim-tax-exemption-on-education-loan-269
The deduction of interest on education loan is allowed only if the loan is taken for self, spouse or child.]]>2015-11-21How much time is suitable for a startup investor?http://images.outlookmoney.com/ask/ask-question/how-much-time-is-suitable-for-a-startup-investor-270
Three years is a good investment time frame to start investing in diversified equity mutual funds.]]>2015-11-21What is the payment policy in life insurance?http://images.outlookmoney.com/ask/ask-question/what-is-the-payment-policy-in-life-insurance-271
A claim raised under the critical illness is paid at the time the illness is detected and reported.]]>2015-11-21How to revive the insurance policy?http://images.outlookmoney.com/ask/ask-question/how-to-revive-the-insurance-policy-272
Life insurance can be revived with a five year window from the day of the first unpaid premium.]]>2015-11-21How to claim inherited property without being a nominee?http://images.outlookmoney.com/ask/ask-question/how-to-claim-inherited-property-without-being-a-nominee-273
The proceeds from the bank account will be equally divided among the legal heirs.]]>2015-11-21Is expensive accessories of car can be insured?http://images.outlookmoney.com/ask/ask-question/is-expensive-accessories-of-car-can-be-insured-274
Car accessories can be covered in the normal insurance on payment of additional premium. ]]>2015-11-21What is the procedure to take pension plan with capital gain?http://images.outlookmoney.com/ask/what-is-the-procedure-to-take-pension-plan-with-capital-gain-275
Check your need for the product and how it works]]>2015-11-21Does international debit card work on foreign ATMs?http://images.outlookmoney.com/ask/does-international-debit-card-work-on-foreign-atms-276
Inform the bank in advance for probable usage of card at foreign land to withdraw money. ]]>2015-11-21How does reimbursement component in the salary work?http://images.outlookmoney.com/ask/how-does-reimbursement-component-in-the-salary-work-277
Check with the accountant if reimbursement component can be claim without producing bills.]]>2015-11-21How to invest in short-term mutual fund schemes?http://images.outlookmoney.com/ask/how-to-invest-in-short-term-mutual-fund-schemes-298
Debt fund scheme is a good option to invest for less than a year.]]>2015-12-01How good is NPS investment for retirement savings?http://images.outlookmoney.com/ask/how-good-is-nps-investment-for-retirement-savings-301
The long term nature of an NPS makes an immense sense to continue with retirement saving scheme]]>2015-12-04Disease covered under health insurance planhttp://images.outlookmoney.com/ask/disease-covered-under-health-insurance-plan-303
Always have a regular health insurance policy, which protects you against all health-related risks.]]>2015-12-07How to increase health insurance cover?http://images.outlookmoney.com/ask/how-to-increase-health-insurance-cover-304
Top-up health plan is an additional option to enhance current health insurance.]]>2015-12-07How to transfer your company car’s NCB?http://images.outlookmoney.com/ask/how-to-transfer-your-company-cars-ncb-309
If company gives you the declaration you can continue to enjoy NCB.]]>2015-12-09How to invest in arbitrage fund?http://images.outlookmoney.com/ask/how-to-invest-in-arbitrage-fund-312
Arbitrate is best for lower risk appetizers.]]>2015-12-12Is it possible to split a floater health cover?http://images.outlookmoney.com/ask/is-it-possible-to-split-a-floater-health-cover-313
Splitting plan will change the premium and tax deduction.]]>2015-12-12Best investment instrument for short periodhttp://images.outlookmoney.com/ask/best-investment-instrument-for-short-period-316
For shorter term liquid fund is most apt.]]>2015-12-14Does diversification in number make portfolio grow?http://images.outlookmoney.com/ask/does-diversification-in-number-make-portfolio-grow-317
In the simplest form, diversification means spreading your money across asset classes like equity, debt and cash]]>2015-12-14Hiding vital facts while buying insurancehttp://images.outlookmoney.com/ask/hiding-vital-facts-while-buying-insurance-333
Depending on the insurance cover and your age, the insurer may increase the premiums to be paid on this policy]]>2015-12-23How to earn higher return in the long run?http://images.outlookmoney.com/ask/how-to-earn-higher-return-in-the-long-run-334
Opt for stocks only if you understand investing in them and can handle it on your own ]]>2015-12-23What is a critical illness rider?http://images.outlookmoney.com/ask/what-is-a-critical-illness-rider-337
Do not treat critical illness rider as a substitute to a general health insurance plan ]]>2015-12-24What are the best investments for retirement planning?http://images.outlookmoney.com/ask/what-are-the-best-investments-for-retirement-planning-338
Invest in higher long-term return to beat inflation and in a tax-efficient manner.]]>2015-12-24Is it wise to make partial withdrawals from ULIPs?http://images.outlookmoney.com/ask/is-it-wise-to-make-partial-withdrawals-from-ulips-349
For best advantage under Ulips, stay invested in the scheme through its tenure]]>2016-01-07Does investment in SIP is a good move for starters?http://images.outlookmoney.com/ask/does-investment-in-sip-is-a-good-move-for-starters-350
The choice of picking one of these will depend on age, ability to take risk and the time frame of investment]]>2016-01-07How does gold investment may vary from other mutual fund investment?http://images.outlookmoney.com/ask/how-does-gold-investment-may-vary-from-other-mutual-fund-investment-352
Being a conservative investor, it is not bad to have invested in gold]]>2016-01-08Can you combine an individual health plan with a family floater?http://images.outlookmoney.com/ask/can-you-combine-an-individual-health-plan-with-a-family-floater-353
Family floater plans do not allow the main insured to add brothers]]>2016-01-08Does motor insurance transferable?http://images.outlookmoney.com/ask/does-motor-insurance-transferable-358
Change in registration name does affect the insurance taken]]>2016-01-11What is the best investment plan for long-run?http://images.outlookmoney.com/ask/what-is-the-best-investment-plan-for-long-run-359
Consider investing in equities to beat inflation]]>2016-01-11Tax treatment on allowancehttp://images.outlookmoney.com/ask/tax-treatment-on-allowance-365
The amount of allowance that is not spent on ordinary living expenses would be taxable in India]]>2016-01-13How to insure an ageing home?http://images.outlookmoney.com/ask/how-to-insure-an-ageing-home-366
Insurance Company can refuse insurance in case the premise to be riskier than what they can comfortably insure]]>2016-01-13How to start saving early in your career?http://images.outlookmoney.com/ask/how-to-start-saving-early-in-your-career-367
Instead of putting money in a pension fund, start with SIP in equity mutual funds ]]>2016-01-13What all expenses a normal health insurance cover?http://images.outlookmoney.com/ask/what-all-expenses-a-normal-health-insurance-cover-368
Health insurance policies cover all expenses related to hospitalisation]]>2016-01-13Is joint policy a safe bet?http://images.outlookmoney.com/ask/is-joint-policy-a-safe-bet-375
Joint policy is offered by only few insurers and it is also not very cost-effective]]>2016-01-15What are the best options to invest in ELSS?http://images.outlookmoney.com/ask/what-are-the-best-options-to-invest-in-elss-376
Investing as SIP in an ELSS fund is a safe option]]>2016-01-15How to get mutual fund units transmitted?http://images.outlookmoney.com/ask/how-to-get-mutual-fund-units-transmitted-381
Transmission of units is a well-documented process that is followed by all AMCs]]>2016-01-19Is there any tax implication if ELSS is redeemed before the lock-in period?http://images.outlookmoney.com/ask/is-there-any-tax-implication-if-elss-is-redeemed-before-the-lock-in-period-382
Funds cannot be redeemed before a three – year lock-in period]]>2016-01-19Take STP route to make the most in liquid fundhttp://images.outlookmoney.com/ask/take-stp-route-to-make-the-most-in-liquid-fund-386
Trigger an STP to an equity fund for three to four years in order to benefit from a full market cycle]]>2016-01-20Why paying advance tax is important?http://images.outlookmoney.com/ask/why-paying-advance-tax-is-important-387
Pay tax in advance if estimated tax liability for the year is likely to be Rs.10, 000 or more]]>2016-01-20Is it safe for beginners to prefer NFO in mutual funds in the initial stage?http://images.outlookmoney.com/ask/is-it-safe-for-beginners-to-prefer-nfo-in-mutual-funds-in-the-initial-stage-393
Do not jump to invest in mutual funds because of a new fund offering]]>2016-01-21How to save tax and build wealth simultaneously?http://images.outlookmoney.com/ask/how-to-save-tax-and-build-wealth-simultaneously-394
To save tax, invest in ELSS, which are also a good way to build wealth]]>2016-01-21Do diversified schemes help in the better performance record?http://images.outlookmoney.com/ask/do-diversified-schemes-help-in-the-better-performance-record-402
Right amount of diversification helps to keep the performance of track record and history]]>2016-01-22What is a guaranteed reversionary bonus in life insurance?http://images.outlookmoney.com/ask/what-is-a-guaranteed-reversionary-bonus-in-life-insurance-403
A guaranteed reversionary bonus is declared at the time of policy inception]]>2016-01-22How to compare better pure term life insurance?http://images.outlookmoney.com/ask/how-to-compare-better-pure-term-life-insurance-404
Riders on offer and the price of the policy, by way of premiums differ from one company to another]]>2016-01-22How to change the nomination details in life insurance policy?http://images.outlookmoney.com/ask/how-to-change-the-nomination-details-in-life-insurance-policy-405
With the help of documents like proof of age of the nominee and your relationship with the nominee ]]>2016-01-22Is it safe for long-term investors to invest in direct mutual fund plans?http://images.outlookmoney.com/ask/is-it-safe-for-long-term-investors-to-invest-in-direct-mutual-fund-plans-421
Considering direct plans can be done after gathering some experience with investing]]>2016-02-03What are the benefits of buying life insurance early in your life?http://images.outlookmoney.com/ask/what-are-the-benefits-of-buying-life-insurance-early-in-your-life-422
Most important is the fact that the premium rates are low when you are young]]>2016-02-03How can insurance plans help you with retirement planning?http://images.outlookmoney.com/ask/how-can-insurance-plans-help-you-with-retirement-planning-423
In the accumulation phase, your insurance premiums are invested into equity and debt]]>2016-02-03Which policy to claim if you have more than one health insurance?http://images.outlookmoney.com/ask/which-policy-to-claim-if-you-have-more-than-one-health-insurance-424
Person hospitalised for more than 24 hours can file a claim for the medical expenses under his mediclaim policy]]>2016-02-03Is investing in sector fund a better option for long-term investment?http://images.outlookmoney.com/ask/is-investing-in-sector-fund-a-better-option-for-long-term-investment-425
Well diversified and with long history fund schemes are good for long-term perspective]]>2016-02-03Where to invest to get corpus of Rs.1 crore in 12 years?http://images.outlookmoney.com/ask/where-to-invest-to-get-corpus-of-rs1-crore-in-12-years-426
Increase your SIP contribution to Rs.25, 000 to achieve your goal]]>2016-02-03Does any insurance policy cover pre-existing diseases?http://images.outlookmoney.com/ask/does-any-insurance-policy-cover-pre-existing-diseases-432
Make a full declaration of your medical condition when applying for a family floater health policy ]]>2016-02-05What are the tax implications on short-term debt?http://images.outlookmoney.com/ask/what-are-the-tax-implications-on-short-term-debt-433
Gains will be added to income and taxed at marginal rate]]>2016-02-05Does investing in international market funds is a safe bet?http://images.outlookmoney.com/ask/does-investing-in-international-market-funds-is-a-safe-bet-434
Consider investing outside of India only when you have an existing well diversified investment in Indian markets]]>2016-02-05Tax implication on ELSS investmenthttp://images.outlookmoney.com/ask/tax-implication-on-elss-investment-436
Tax on investments, gains or earnings up to Rs.1.5 lakh is exempt under Section 80C]]>2016-02-05Where should an investor with medium risk profile invest?http://images.outlookmoney.com/ask/where-should-an-investor-with-medium-risk-profile-invest-463
Invest in mutual funds in small sums through SIPs]]>2016-02-29How to manage mutual fund investment and loan repayment simultaneously?http://images.outlookmoney.com/ask/how-to-manage-mutual-fund-investment-and-loan-repayment-simultaneously-464
A way to strike a balance is to increase your home loan repayment, and also invest small sums in mutual funds]]>2016-02-29How does the NPS deduction work?http://images.outlookmoney.com/ask/how-does-the-nps-deduction-work-475
Investors within the scheme have an option to choose funds based on their level of safety and risk]]>2016-03-08How should you financially plan your daughter's higher education?http://images.outlookmoney.com/ask/how-should-you-financially-plan-your-daughters-higher-education-477
To build a bigger corpus, contribute more by way of increments and savings]]>2016-03-08What is the best way to invest surplus funds?http://images.outlookmoney.com/ask/what-is-the-best-way-to-invest-surplus-funds-476
Follow basic tenets of financial planning before deploying your money]]>2016-03-08Is money sent to parents from abroad taxable in India?http://images.outlookmoney.com/ask/is-money-sent-to-parents-from-abroad-taxable-in-india-478
Transaction of money in excess of Rs.50, 000 will be taxed as “income from other sources”]]>2016-03-08What kind of funds should you invest in from short-term perspective?http://images.outlookmoney.com/ask/what-kind-of-funds-should-you-invest-in-from-short-term-perspective-479
Be realistic with your expectations as the return required is 47 per cent annually]]>2016-03-08How much life insurance do you really need?http://images.outlookmoney.com/ask/how-much-life-insurance-do-you-really-need-536
With your income, financial liabilities and dependents, you can arrive at an insurance cover that you should go for ]]>2016-04-07Is investing through systematic investment plan a good idea?http://images.outlookmoney.com/ask/is-investing-through-systematic-investment-plan-a-good-idea-537
Minimise the effects of an extremely volatile stock market through SIP ]]>2016-04-07Can I claim tax deduction on my donation to PM's Relief Fund?http://images.outlookmoney.com/ask/can-i-claim-tax-deduction-on-my-donation-to-pms-relief-fund-538
100 per cent deduction is allowed for PM's relief fund donations]]>2016-04-07Is TDS applicable on arrears of salary?http://images.outlookmoney.com/ask/is-tds-applicable-on-arrears-of-salary-539
Salary income is taxable in the year in which it is due or received, whichever is earlier]]>2016-04-07How are Gifts given to a relative taxed?http://images.outlookmoney.com/ask/how-are-gifts-given-to-a-relative-taxed-540
Gifts are tax exempt in the hands of relatives ]]>2016-04-07Should we buy a separate health cover for our child?http://images.outlookmoney.com/ask/should-we-buy-a-separate-health-cover-for-our-child-542
Family floater plan is a cost-effective option and covers maternity cost]]>2016-04-11Are there any health insurance policies for senior citizens?http://images.outlookmoney.com/ask/are-there-any-health-insurance-policies-for-senior-citizens-543
There are policies just to cater to the needs of senior citizens but they do not come cheap]]>2016-04-11How are taxes affected when you sell your stock market shares?http://images.outlookmoney.com/ask/how-are-taxes-affected-when-you-sell-your-stock-market-shares-544
LTCG is exempt if you are liable to pay STT]]>2016-04-11How can I maximise tax benefits on my home loan?http://images.outlookmoney.com/ask/how-can-i-maximise-tax-benefits-on-my-home-loan-545
You can maximize the tax benefit through clubbing of income ]]>2016-04-11What are the tax implications at the time of maturity for Ulips?http://images.outlookmoney.com/ask/what-are-the-tax-implications-at-the-time-of-maturity-for-ulips-546
The amount received on maturity of an Ulip is exempt from tax under section 10(10D) ]]>2016-04-11Are the contributions made by employer towards provident fund taxable?http://images.outlookmoney.com/ask/are-the-contributions-made-by-employer-towards-provident-fund-taxable-547
12 per cent of specified salary is exempt from tax under Schedule IV Part A of the Income Tax Act, 1961 ]]>2016-04-11Does your health insurance cover Pregnancy period?http://images.outlookmoney.com/ask/does-your-health-insurance-cover-pregnancy-period-587
Waiting periods are big impediments in covering Pregnancy in health insurance schemes]]>2016-05-09Is there any income tax relief for renovation of self-occupied house?http://images.outlookmoney.com/ask/is-there-any-income-tax-relief-for-renovation-of-self-occupied-house-574
Apply for loan to renovate if earning can be more than the borrowing cost]]>2016-05-06Is it feasible to double the investment in two years?http://images.outlookmoney.com/ask/is-it-feasible-to-double-the-investment-in-two-years-575
Investing every month in short-term debt funds might ensure better returns
]]>2016-05-06Which plans should you invest in to save taxes?http://images.outlookmoney.com/ask/which-plans-should-you-invest-in-to-save-taxes-576
Selecting a fund such as Canara Robeco, HDFC Balanced or ICICI Pru Balanced could help save taxes.
]]>2016-05-06What is the tax liability on interest earned in saving account?http://images.outlookmoney.com/ask/what-is-the-tax-liability-on-interest-earned-in-saving-account-580
Section 80TTA of the IT Act allows deduction to a maximum cap of Rs 10,000 and taxation on the remaining amount]]>2016-05-07Is it possible to close your PPF account?http://images.outlookmoney.com/ask/is-it-possible-to-close-your-ppf-account-589
There is no valid reason to discontinue with the PPF account even if interest rates are sinking.]]>2016-05-10Planning to study further? Here's how to invest your savingshttp://images.outlookmoney.com/ask/planning-to-study-further-heres-how-to-invest-your-savings-581
Investing in a mutual fund which has a mix of equities and debt can help save money.]]>2016-05-10Were I to die, will my wife get the policy proceeds?http://images.outlookmoney.com/ask/were-i-to-die-will-my-wife-get-the-policy-proceeds-586
Yes, the unpaid premium is adjusted before settling the claim
]]>2016-05-09What are the best investment options for a retired person?http://images.outlookmoney.com/ask/what-are-the-best-investment-options-for-a-retired-person-590
Go for Senior Citizen Savings Scheme or Post Office Monthly Income Scheme]]>2016-05-10Is there any limit on the number of saving accounts one can have?http://images.outlookmoney.com/ask/is-there-any-limit-on-the-number-of-saving-accounts-one-can-have-595
There is no limit but you need to disclose all the accounts for income tax]]>2016-05-11Is value of cash and gold covered under household insurance policy?http://images.outlookmoney.com/ask/is-value-of-cash-and-gold-covered-under-household-insurance-policy-603
Jewellery is covered under all-risk section of the policy and requires full detail of the items kept]]>2016-05-13What are some of the best mutual fund scheme for short-term investment?http://images.outlookmoney.com/ask/what-are-some-of-the-best-mutual-fund-scheme-for-short-term-investment-605
Go for short term debt fund or liquid fund]]>2016-05-13Which funds should I invest in as SIPs?http://images.outlookmoney.com/ask/which-funds-should-i-invest-in-as-sips-606
Considering funds such as Mirae Asset Emerging Bluechip or ICICI Prudential Value Discovery can be beneficial]]>2016-05-13Is there any tax on interest earned from deposits?http://images.outlookmoney.com/ask/is-there-any-tax-on-interest-earned-from-deposits-650
Under the income tax laws, the interest earned from banks is taxable]]>2016-06-02Is ELSS a good option to maximise tax savings?http://images.outlookmoney.com/ask/is-elss-a-good-option-to-maximise-tax-savings-646
With these mutual funds, you can maximise your tax savings]]>2016-06-01Does smoking affect your health policy?http://images.outlookmoney.com/ask/does-smoking-affect-your-health-policy-647
Smoking impacts your health insurance premium]]>2016-06-01Should you prepay your loan with the lumpsum money or invest it wisely?http://images.outlookmoney.com/ask/should-you-prepay-your-loan-with-the-lumpsum-money-or-invest-it-wisely-651
Go for prepayment but check if you are claiming tax deductions on home loan]]>2016-06-02What can be done in case of birth date discrepancy while buying an insurance?http://images.outlookmoney.com/ask/what-can-be-done-in-case-of-birth-date-discrepancy-while-buying-an-insurance-653
Insurers takes into account the date mentioned on the documents]]>2016-06-03Why is medical history of the family important for an insurer?http://images.outlookmoney.com/ask/why-is-medical-history-of-the-family-important-for-an-insurer-654
Insurers may ask about your family medical history before issuing any policy]]>2016-06-03What are the main features of money back policy?http://images.outlookmoney.com/ask/what-are-the-main-features-of-money-back-policy-658
It gives periodic return of a certain percentage of sum assured over the plan’s term]]>2016-06-06Benefits of Free Look Periodhttp://images.outlookmoney.com/ask/benefits-of-free-look-period-661
Free Look Period allows a buyer to reconsider his decision about policy.
]]>2016-06-06How can you improve your credit scores?http://images.outlookmoney.com/ask/how-can-you-improve-your-credit-scores-664
Here is how you can improve your credit scores]]>2016-06-07Is it a good idea to stay invested in IDFC Premier Equity fund?http://images.outlookmoney.com/ask/is-it-a-good-idea-to-stay-invested-in-idfc-premier-equity-fund-665
IDFC Premier Equity is a good fund but there are other suitable alternatives available]]>2016-06-07Which type of life insurance is best for your spouse?http://images.outlookmoney.com/ask/which-type-of-life-insurance-is-best-for-your-spouse-697
Term Plans cover your life with no additional benefits
]]>2016-07-12What is the tax implication on money given as gift?http://images.outlookmoney.com/ask/what-is-the-tax-implication-on-money-given-as-gift-698
Money as gift has no tax implications. Although income from investment of money do have it.
]]>2016-07-12Which documents are required to claim a motor insurance?http://images.outlookmoney.com/ask/which-documents-are-required-to-claim-a-motor-insurance-699
Know the documents and process required to claim motor insurance.]]>2016-07-12How to make sure that the bank does not deduct TDS on the interest you earn?http://images.outlookmoney.com/ask/how-to-make-sure-that-the-bank-does-not-deduct-tds-on-the-interest-you-earn-700
Submit Form 15G and 15H with the bank manager]]>2016-07-13Can the PPF be extended after five years?http://images.outlookmoney.com/ask/can-the-ppf-be-extended-after-five-years-701
There is no limit to five-year tenures ]]>2016-07-13Is the money withdrawn from PF after five years taxable?http://images.outlookmoney.com/ask/is-the-money-withdrawn-from-pf-after-five-years-taxable-702
Tax implication occurs only if an employee does not render continuous service]]>2016-07-13How does e-KYC work?http://images.outlookmoney.com/ask/how-does-e-kyc-work-710
It enables paperless KYC compliance]]>2016-07-26When should you make changes to your mutual funds portfolio?http://images.outlookmoney.com/ask/when-should-you-make-changes-to-your-mutual-funds-portfolio-711
Review of investments is a good idea to assess their Performance]]>2016-07-26Is amount received as scholarship award taxable?http://images.outlookmoney.com/ask/is-amount-received-as-scholarship-award-taxable-713
Tax implication exists under Section 115BB of I-T Act]]>2016-07-26Can you cancel your life insurance policy during freelook period?http://images.outlookmoney.com/ask/can-you-cancel-your-life-insurance-policy-during-freelook-period-715
Process of cancelling a policy within freelook period is quite easy]]>2016-07-26Between recurring deposit and mutual funds, which one is a better option?http://images.outlookmoney.com/ask/between-recurring-deposit-and-mutual-funds-which-one-is-a-better-option-717
Investment certainly has an edge over savings;It beats inflation and makes money for you]]>2016-07-26Do term plans come with money-back options?http://images.outlookmoney.com/ask/do-term-plans-come-with-money-back-options-739
Term Plans with return on investment may suit your financial needs]]>2016-08-18Is it possible to borrow from your life insurance policy?http://images.outlookmoney.com/ask/is-it-possible-to-borrow-from-your-life-insurance-policy-740
In case you have a term insurance plan, you won’t be able to borrow against this policy]]>2016-08-18Will there be any tax implication on selling old physical share certificates?http://images.outlookmoney.com/ask/will-there-be-any-tax-implication-on-selling-old-physical-share-certificates-741
Securities Transaction Tax is levied on Dematerialisation of Shares]]>2016-08-18How can you increase contribution in your ongoing SIP?http://images.outlookmoney.com/ask/how-can-you-increase-contribution-in-your-ongoing-sip-742
Increasing your contribution towards SIP is quite simple]]>2016-08-18Should you continue to invest in ELSS even after retirement?http://images.outlookmoney.com/ask/should-you-continue-to-invest-in-elss-even-after-retirement-743
ELSS combined with many benefits is a lucrative investment option after retirement]]>2016-08-18What are the benefits of investing through a Systematic Transfer Plan?http://images.outlookmoney.com/ask/what-are-the-benefits-of-investing-through-a-systematic-transfer-plan-744
Systematic Transfer Plan beats Volatility effectively]]>2016-08-18What documents are required for making accidental claim?http://images.outlookmoney.com/ask/what-documents-are-required-for-making-accidental-claim-745
Accidental claims are made after inspection by insurer appointed surveyor
]]>2016-08-18Is surrender value of life insurance policy taxable?http://images.outlookmoney.com/ask/is-surrender-value-of-life-insurance-policy-taxable-746
The tax treatment on surrender value has not been separately mentioned.]]>2016-08-19What will be the tax implications on regular monthly withdrawals from a mutual fhttp://images.outlookmoney.com/ask/what-will-be-the-tax-implications-on-regular-monthly-withdrawals-from-a-mutual-f
Tax implications depend on the type of fund and on the perios od investment]]>2016-08-20Is it a good idea to move to NPS for the additional Rs 50,000 tax savings?http://images.outlookmoney.com/ask/is-it-a-good-idea-to-move-to-nps-for-the-additional-rs-50000-tax-savings-751
There are better options than NPS when it comes to saving tax]]>2016-08-20Does health insurance policy cover preventive health checkups?http://images.outlookmoney.com/ask/does-health-insurance-policy-cover-preventive-health-checkups-752
It depends on the policy details of the health insurance cover]]>2016-08-20How can you revive a lapsed insurance policy?http://images.outlookmoney.com/ask/how-can-you-revive-a-lapsed-insurance-policy-775
The insurer may alter the process to renew a lapsed policy.]]>2016-09-19Where should you invest your annual bonus that you got this year from your offichttp://images.outlookmoney.com/ask/where-should-you-invest-your-annual-bonus-that-you-got-this-year-from-your-offic
Deploying the bonus money in ELSS has dual benefits of Tax Saving and beating Inflation
]]>2016-09-19Are you eligible to claim tax exemption if the money invested in NPS is creditedhttp://images.outlookmoney.com/ask/are-you-eligible-to-claim-tax-exemption-if-the-money-invested-in-nps-is-credited
One can claim Tax exemption even if the money credited post 31st March]]>2016-09-19How early should you start planning your retirement?http://images.outlookmoney.com/ask/how-early-should-you-start-planning-your-retirement-778
Plan your retirement when you start earning]]>2016-09-19What will be the tax implications if you withdraw your PF contributions?http://images.outlookmoney.com/ask/what-will-be-the-tax-implications-if-you-withdraw-your-pf-contributions-779
For PF withdrawals to be deemed tax free, you need to maintain balance at least for five years]]>2016-09-20Should you exit the NFO you had invested in over a decade ago?http://images.outlookmoney.com/ask/should-you-exit-the-nfo-you-had-invested-in-over-a-decade-ago-780
Keep your investment in NFO till the time it serves your purpose]]>2016-09-20Can I continue my contribution in PPF as an NRI?http://images.outlookmoney.com/ask/can-i-continue-my-contribution-in-ppf-as-an-nri-781
NRIs can continue with their existing PPF account]]>2016-09-20What is a consolidated account statement (CAS)?http://images.outlookmoney.com/ask/what-is-a-consolidated-account-statement-cas-782
Consolidated Account Satement is the compilation of all monthly transactions]]>2016-09-20What is a free-look period?http://images.outlookmoney.com/ask/what-is-a-free-look-period-783
One can not change the policy terms during Free-look period]]>2016-09-20Can a husband and wife both claim tax deduction for the premium paid on health ihttp://images.outlookmoney.com/ask/can-a-husband-and-wife-both-claim-tax-deduction-for-the-premium-paid-on-health-i
Senior Citizen can claim tax deduction on Insurance Premiums]]>2016-09-20Is it wise to invest in multiple mutual fund schemes?http://images.outlookmoney.com/ask/is-it-wise-to-invest-in-multiple-mutual-fund-schemes-801
Merging of too many fund schemes is always an option as one can easily keep a track on investments ]]>2016-10-12Should you inform your health insurer about your recent illness before taking a http://images.outlookmoney.com/ask/should-you-inform-your-health-insurer-about-your-recent-illness-before-taking-a-
Disclose your medical condition to the insurer, who will price the policy premium accordingly
]]>2016-10-12What other additional covers can you buy for my car when it comes for renewal?http://images.outlookmoney.com/ask/what-other-additional-covers-can-you-buy-for-my-car-when-it-comes-for-renewal-80
Additional covers will help to overcome some of the standard exclusions and deductions in a motor claim
]]>2016-10-12What are the main features of money back policy?http://images.outlookmoney.com/ask/what-are-the-main-features-of-money-back-policy-814
Premium is higher for money back policy compared to other plans
]]>2016-10-15Can you suggest some good mutual funds to invest in?http://images.outlookmoney.com/ask/can-you-suggest-some-good-mutual-funds-to-invest-in-806
While investing in mutual funds one should always identify the investor type ]]>2016-10-13How can you build a retirement corpus by investing in mutual funds?http://images.outlookmoney.com/ask/how-can-you-build-a-retirement-corpus-by-investing-in-mutual-funds-807
Mutual fund investments are less volatile compared to direct stock investments]]>2016-10-13How to build a portfolio for your child's education?http://images.outlookmoney.com/ask/how-to-build-a-portfolio-for-your-childs-education-811
It is a wise move to invest for your child's education ]]>2016-10-14What is the way to redeem a mutual fund investment?http://images.outlookmoney.com/ask/what-is-the-way-to-redeem-a-mutual-fund-investment-813
Filling a redemption form is required to withdraw the mutual fund investment ]]>2016-10-14Are there any bank fixed deposits that help save tax?http://images.outlookmoney.com/ask/are-there-any-bank-fixed-deposits-that-help-save-tax-816
The five-year deposit under Section 80C of the I-T Act helps to save tax]]>2016-10-15Is it possible to transfer the PPF account in your son's name?http://images.outlookmoney.com/ask/is-it-possible-to-transfer-the-ppf-account-in-your-sons-name-818
A PPF account is not transferable but one can always nominate]]>2016-10-15Can you get a home loan before retirement?http://images.outlookmoney.com/ask/can-you-get-a-home-loan-before-retirement-819
The term will be shorter and EMI will be higher
]]>2016-10-15What is the criteria for selecting a mutual fund to invest?http://images.outlookmoney.com/ask/what-is-the-criteria-for-selecting-a-mutual-fund-to-invest-866
Investing in ELSS imposes a lock-in of three years]]>2016-11-04What is the kidnap and ransom policy?http://images.outlookmoney.com/ask/what-is-the-kidnap-and-ransom-policy-867
Corporates securing employees working in risk-prone areas ]]>2016-11-04How long should one remain invested in an SIP?http://images.outlookmoney.com/ask/how-long-should-one-remain-invested-in-an-sip-869
There is no need to make a further timing decision in an SIP]]>2016-11-04What is to be done when the bank changes the account type?http://images.outlookmoney.com/ask/what-is-to-be-done-when-the-bank-changes-the-account-type-870
Banks are required to notify the customer of any changes to the service standard]]>2016-11-07Can a trust be formed to lower the tax burden?http://images.outlookmoney.com/ask/can-a-trust-be-formed-to-lower-the-tax-burden-871
The income from the money transferred by you will be taxable in the hands of the beneficiary of the trust]]>2016-11-08After the claim is paid, will the sum insured reduce?http://images.outlookmoney.com/ask/after-the-claim-is-paid-will-the-sum-insured-reduce-872
Once a claim is paid, the sum insured on that asset automatically falls by the amount of claim paid in that year.]]>2016-11-08How to encash dollar cheques?http://images.outlookmoney.com/ask/how-to-encash-dollar-cheques-873
Sending money through electronic transfer can directly be credited into savings account]]>2016-11-08Do you need an additional motor insurance if you are moving out?http://images.outlookmoney.com/ask/do-you-need-an-additional-motor-insurance-if-you-are-moving-out-874
A comprehensive car policy covers you against loss or damage to the vehicle while in transit]]>2016-11-08Is investing in multiple mutual funds a good idea?http://images.outlookmoney.com/ask/is-investing-in-multiple-mutual-funds-a-good-idea-875
Plan a tenure before investing and keep a regular check on the progress made by the investments
]]>2016-11-08What should be the ideal term of a life policy?http://images.outlookmoney.com/ask/what-should-be-the-ideal-term-of-a-life-policy-876
Ideally, it should be equal to the number of years your family is likely to remain financially dependent on you.]]>2016-11-08How much time do insurers take to settle a death claim?http://images.outlookmoney.com/ask/how-much-time-do-insurers-take-to-settle-a-death-claim-877
Period of settlement depends on insurance company's verification process]]>2016-11-08Do health insurance policies also cover preventive health checkups?http://images.outlookmoney.com/ask/do-health-insurance-policies-also-cover-preventive-health-checkups-878
Health insurance policies come with preventive health check-ups]]>2016-11-08Is it wise to get the furniture of your house insured?http://images.outlookmoney.com/ask/is-it-wise-to-get-the-furniture-of-your-house-insured-879
Detail out the items that are in your home that you wish to cover to avoid any ambiguities]]>2016-11-08After raising a health insurance why did I not receive the full settlement?http://images.outlookmoney.com/ask/after-raising-a-health-insurance-why-did-i-not-receive-the-full-settlement-880
It could be because of the co-pay clause, wherein a specified percentage is to be borne by you]]>2016-11-08Is buying a child plan policy a good idea?http://images.outlookmoney.com/ask/is-buying-a-child-plan-policy-a-good-idea-881
Building an investment portfolio is a better option than buying a child plan]]>2016-11-08How to smartly invest your lump sum money in mutual fundshttp://images.outlookmoney.com/ask/how-to-smartly-invest-your-lump-sum-money-in-mutual-funds-882
Continue to invest in the schemes and review their performances once a year]]>2016-11-08What is the difference between regular and direct plans of mutual funds?http://images.outlookmoney.com/ask/what-is-the-difference-between-regular-and-direct-plans-of-mutual-funds-935
In case of direct plan, you invest the money ‘directly’ with the fund house]]>2017-01-07Is accessing banking details through the mobile safe?http://images.outlookmoney.com/ask/is-accessing-banking-details-through-the-mobile-safe-936
The user should be aware of the proper procedures for safe operations]]>2016-12-29What kind of penalty will I have to pay for premature withdrawal from bank FD ?http://images.outlookmoney.com/ask/what-kind-of-penalty-will-i-have-to-pay-for-premature-withdrawal-from-bank-fd-93
The policy in terms of the penalty can vary across banks.]]>2017-01-07Should I buy a house insurance for my dream home?http://images.outlookmoney.com/ask/should-i-buy-a-house-insurance-for-my-dream-home-938
Consider comprehensive policy to cover several risks]]>2017-01-08Are the debt funds and liquid funds same?http://images.outlookmoney.com/ask/are-the-debt-funds-and-liquid-funds-same-939
Generally, liquid funds do not have any exit load]]>2017-01-06Is there any health cover which covers medical tests?http://images.outlookmoney.com/ask/is-there-any-health-cover-which-covers-medical-tests-940
Under OPD extension, medical expenses which are not linked to hospitalization are payable]]>2017-01-05What kind of insurance policies are there for a person who has no dependants?http://images.outlookmoney.com/ask/what-kind-of-insurance-policies-are-there-for-a-person-who-has-no-dependants-941
Basic purpose of life insurance is to provide a financial security for the dependents]]>2016-12-06How much will my insurer pay for the stolen tyres?http://images.outlookmoney.com/ask/how-much-will-my-insurer-pay-for-the-stolen-tyres-942
Although the car insurance is effective as soon as you move out of the car dealership, there are restrictions]]>2016-12-06What is the risk a lien carries?http://images.outlookmoney.com/ask/what-is-the-risk-a-lien-carries-943
Surrendering FD certificate as lien]]>2016-12-06Do I need to pay the advance tax?http://images.outlookmoney.com/ask/do-i-need-to-pay-the-advance-tax-944
Advance tax is payable if the total tax liability is likely to be Rs 10,000 or more]]>2016-12-27Is it necessary to withdraw PF before moving out of the country?http://images.outlookmoney.com/ask/is-it-necessary-to-withdraw-pf-before-moving-out-of-the-country-945
One has to be a member of the EPFO to avail the PF facility]]>2016-12-06Can I add a critical illness rider to a term plan?http://images.outlookmoney.com/ask/can-i-add-a-critical-illness-rider-to-a-term-plan-946
Opting for a critical illness rider]]>2016-12-06What are some of the good funds to invest in?http://images.outlookmoney.com/ask/what-are-some-of-the-good-funds-to-invest-in-947
Investing in funds]]>2016-12-27How is my selection of funds?http://images.outlookmoney.com/ask/how-is-my-selection-of-funds-1025
When investing, continue your SIPs and review the performance so that the funds meet your financial goals]]>2017-01-12What is the difference between Gold ETFs and Gold funds?http://images.outlookmoney.com/ask/what-is-the-difference-between-gold-etfs-and-gold-funds-1028
Investing in Gold through ETFS and funds]]>2017-01-13Can I insure all my home furniture and fittings?http://images.outlookmoney.com/ask/can-i-insure-all-my-home-furniture-and-fittings-1044
Detail all the furniture and fittings with their value when going in for insurance]]>2017-01-16How many savings accounts can a person have?http://images.outlookmoney.com/ask/how-many-savings-accounts-can-a-person-have-1055
Holding multiple savings accounts is difficult to manage]]>2017-01-19How to invest for education and marriage needs of your children?http://images.outlookmoney.com/ask/how-to-invest-for-education-and-marriage-needs-of-your-children-1061
Investing for future education and marriage needs]]>2017-01-20What is the tax implication on the proceeds from a bank recurring deposit?http://images.outlookmoney.com/ask/what-is-the-tax-implication-on-the-proceeds-from-a-bank-recurring-deposit-1065
Bank RD disciplines you to save a fixed sum regularly]]>2017-01-21Can I surrender an LIC insurance policy against which I have availed a loan?http://images.outlookmoney.com/ask/can-i-surrender-an-lic-insurance-policy-against-which-i-have-availed-a-loan-1066
If the outstanding amount is more than the surrender value, the difference will have to be borne by you]]>2017-01-22Can the cash kept at home be covered under the Householderâ��s Insurance Policy?http://images.outlookmoney.com/ask/can-the-cash-kept-at-home-be-covered-under-the-householders-insurance-policy-107
A household is not expected to maintain proper cash records]]>2017-01-21How to redeem ELSS?http://images.outlookmoney.com/ask/how-to-redeem-elss-1072
ELSS have a three-year lock-in on investments]]>2017-01-21Suggest a way to park Rs 5 lakh in an efficient instrumenthttp://images.outlookmoney.com/ask/suggest-a-way-to-park-rs-5-lakh-in-an-efficient-instrument-1077
Consider keeping money in a liquid fund, which is an alternate to the bank]]>2017-01-23What should I do as I am hypertensive, resulting in escalation of my premium?http://images.outlookmoney.com/ask/what-should-i-do-as-i-am-hypertensive-resulting-in-escalation-of-my-premium-1080
Remember, insurers are very thorough on the basis of which they increase the premium over the base]]>2017-01-24What is the difference between Gold ETFs and Gold funds?http://images.outlookmoney.com/ask/what-is-the-difference-between-gold-etfs-and-gold-funds-1093
While the Gold ETF has no load, most gold funds have an exit load]]>2017-01-28I lent my friend Rs 1 lakh. Do I need to show this when I file my tax returns?http://images.outlookmoney.com/ask/i-lent-my-friend-rs-1-lakh-do-i-need-to-show-this-when-i-file-my-tax-returns-108
Under Section 56 of the Income-tax Act, any sum above Rs 50,000 received without consideration is taxable]]>2017-01-25Is there any additional tax benefit that we can claim on the premiums paid?http://images.outlookmoney.com/ask/is-there-any-additional-tax-benefit-that-we-can-claim-on-the-premiums-paid-1087
Premiums paid towards health insurance premium qualify for deductions within limits]]>2017-01-25Should I invest in equity or debt funds?http://images.outlookmoney.com/ask/should-i-invest-in-equity-or-debt-funds-1094
The choice of asset class depends on the risk one can take with investments]]>2017-01-28How can I increase the cover on my life insurance?http://images.outlookmoney.com/ask/how-can-i-increase-the-cover-on-my-life-insurance-1097
The maximum cover that an insurer offers you will depend on their internal standards and practices]]>2017-01-29What are the benefits of a tax-saving fund?http://images.outlookmoney.com/ask/what-are-the-benefits-of-a-tax-saving-fund-1098
Invest in lump sum 2-3 times a year instead of a monthly SIP in ELSS ]]>2017-01-29What is the cost of keeping policies in digital mode?http://images.outlookmoney.com/ask/what-is-the-cost-of-keeping-policies-in-digital-mode-1099
The two distinct benefits in going digital with insurance policies are that they are safe and convenient]]>2017-01-29I have Rs 5 lakh in the bank. What are the best funds to invest?http://images.outlookmoney.com/ask/i-have-rs-5-lakh-in-the-bank-what-are-the-best-funds-to-invest-1100
With Rs 5 lakh to invest, you should not deploy it all in one go into equities]]>2017-01-29I missed paying my credit card dues so how will this act impact my CIBIL score?http://images.outlookmoney.com/ask/i-missed-paying-my-credit-card-dues-so-how-will-this-act-impact-my-cibil-score-1
CIBIL collects and maintains records of an individual's payments pertaining to loans and credit cards]]>2017-01-29How should I go about selecting funds for my retirement?http://images.outlookmoney.com/ask/how-should-i-go-about-selecting-funds-for-my-retirement-1103
Investing in mutual funds for retirement ]]>2017-01-30What should be the ideal duration for a life insurance policy?http://images.outlookmoney.com/ask/what-should-be-the-ideal-duration-for-a-life-insurance-policy-1104
You should have a life insurance policy for as long as you have financial dependents]]>2017-01-30Can I change the premium payments to monthly mode?http://images.outlookmoney.com/ask/can-i-change-the-premium-payments-to-monthly-mode-1108
You will need to approach your insurer and request for a change in the premium paying frequency]]>2017-01-31Does my mother who is a nominee need a PAN to claim the sum?http://images.outlookmoney.com/ask/does-my-mother-who-is-a-nominee-need-a-pan-to-claim-the-sum-1110
AMCs, allow transmission of scheme units to the nominee or joint holder or even legal heir of the primary holder]]>2017-01-31Can I switch life insurers without discontinuing a policy?http://images.outlookmoney.com/ask/can-i-switch-life-insurers-without-discontinuing-a-policy-1111
The only way to switch insurers is to surrender a policy, stop paying premiums and buy a new one]]>2017-01-31As my wife turned blind, what is the tax benefit that I can get?http://images.outlookmoney.com/ask/as-my-wife-turned-blind-what-is-the-tax-benefit-that-i-can-get-1113
Under Section 80U, individuals with disability can claim tax benefits]]>2017-02-01How much life insurance should I take as a single woman, living on my own?http://images.outlookmoney.com/ask/how-much-life-insurance-should-i-take-as-a-single-woman-living-on-my-own-1123
Life insurance should be taken to provide financial support to your dependents in case of your demise]]>2017-02-02Which insurance plan would be appropriate for my family?http://images.outlookmoney.com/ask/which-insurance-plan-would-be-appropriate-for-my-family-1126
It is very important to understand the need for insurance]]>2017-02-02What is the procedure for filing a complaint with an insurance ombudsman?http://images.outlookmoney.com/ask/what-is-the-procedure-for-filing-a-complaint-with-an-insurance-ombudsman-1127
The complaint must be filed within a year of rejection of your claim by the insurer]]>2017-02-02How can I transfer the Sovereign Gold Bond to my granddaughter?http://images.outlookmoney.com/ask/how-can-i-transfer-the-sovereign-gold-bond-to-my-granddaughter-1128
In case your granddaughter is a minor, her parents will hold it on her behalf]]>2017-02-03How is the premium calculated for professional Indemnity policy?http://images.outlookmoney.com/ask/how-is-the-premium-calculated-for-professional-indemnity-policy-1135
The premium under the policy depends on two parameters - AOY and AOA]]>2017-02-03Can you extend the term of the FD before it matures?http://images.outlookmoney.com/ask/can-you-extend-the-term-of-the-fd-before-it-matures-1139
Making a deposit requires funds, which you won’t have before the existing deposit matures]]>2017-02-06How do I decide how much insurance cover to take?http://images.outlookmoney.com/ask/how-do-i-decide-how-much-insurance-cover-to-take-1140
While deciding the sum insured you should consider few factors]]>2017-02-06Will you continue to get the interest till you withdraw your full PF amount?http://images.outlookmoney.com/ask/will-you-continue-to-get-the-interest-till-you-withdraw-your-full-pf-amount-1143
Make sure you submit Form H before you start making fresh contributions]]>2017-02-08Can you transfer shares from your demat account to another person's account?http://images.outlookmoney.com/ask/can-you-transfer-shares-from-your-demat-account-to-another-persons-account-1144
It can be transferred to another person’s demat account within the same depository participant]]>2017-02-08What if something happens to you when your insurance policy is being processed?http://images.outlookmoney.com/ask/what-if-something-happens-to-you-when-your-insurance-policy-is-being-processed-1145
The life insurance policy will become valid on the date when all the requirements are satisfactorily complied]]>2017-02-08Why do different people have different health insurance premiums?http://images.outlookmoney.com/ask/why-do-different-people-have-different-health-insurance-premiums-1146
The amount of premium for medical insurance depends on numerous factors]]>2017-02-08As an NRI how do I make the payment on my existing life insurance policies?http://images.outlookmoney.com/ask/as-an-nri-how-do-i-make-the-payment-on-my-existing-life-insurance-policies-1147
Various options for an NRI to pay the premium on life insurance policies ]]>2017-02-09Can I include some equipments in my current householder’s insurance policy?http://images.outlookmoney.com/ask/can-i-include-some-equipments-in-my-current-householders-insurance-policy-1148
Including new purchase in ongoing householder’s insurance policy]]>2017-02-09Is KYC required for a joint holder for investing in Mutual Funds?http://images.outlookmoney.com/ask/is-kyc-required-for-a-joint-holder-for-investing-in-mutual-funds-1152
Joint holding has to be specified at the time of investment]]>2017-02-09Should I give the other party my insurance policy number?http://images.outlookmoney.com/ask/should-i-give-the-other-party-my-insurance-policy-number-1155
Under the terms of the motor insurance policy, you are eligible to claim any liability towards a third party]]>2017-02-10Do I need to show cash gifts in my tax returns?http://images.outlookmoney.com/ask/do-i-need-to-show-cash-gifts-in-my-tax-returns-1156
The amount of gift that you have received will not be taxable income as it can be claimed as exempt from tax]]>2017-02-10How best should I go about insuring my jewellery?http://images.outlookmoney.com/ask/how-best-should-i-go-about-insuring-my-jewellery-1158
The rate of premium for the jewellery that you keep in the bank will be just about 25 % of the normal premium]]>2017-02-10Are monthly income plans from mutual funds a good option?http://images.outlookmoney.com/ask/are-monthly-income-plans-from-mutual-funds-a-good-option-1159
By regulation, dividends from mutual funds are not guaranteed in terms of how much they will pay out every month]]>2017-02-10Is it a good idea to invest in infrastructure funds through an SIP?http://images.outlookmoney.com/ask/is-it-a-good-idea-to-invest-in-infrastructure-funds-through-an-sip-1160
Investing in infrastructure funds in lump sum would be a better proposition than via SIPs]]>2017-02-10Will my insurance company admit liability under the policy?http://images.outlookmoney.com/ask/will-my-insurance-company-admit-liability-under-the-policy-1163
The claim of the third party can be admitted under the motor policy and the insurer will admit liability]]>2017-02-10What are the tax implications on a property investment for an NRI?http://images.outlookmoney.com/ask/what-are-the-tax-implications-on-a-property-investment-for-an-nri-1166
If you decide to let this property out, the rental income from it will be subject to income tax]]>2017-02-13Confused with insurance?http://images.outlookmoney.com/ask/confused-with-insurance-1167
You could buy through an insurer or a broker, but it all boils down to understanding the policy ]]>2017-02-13What is NPS and who can avail it?http://images.outlookmoney.com/ask/what-is-nps-and-who-can-avail-it-1168
National Pension System is a pension scheme available to every Indian to save for their retirement]]>2017-02-13Why is the NAV of the regular dividend plan lesser than that of a direct plan?http://images.outlookmoney.com/ask/why-is-the-nav-of-the-regular-dividend-plan-lesser-than-that-of-a-direct-plan-11
The difference between direct plans and regular plans is that their expense ratios vary]]>2017-02-13How much could my son remit to India with the least of tax implications?http://images.outlookmoney.com/ask/how-much-could-my-son-remit-to-india-with-the-least-of-tax-implications-1174
If the remittance earned by your son is received directly in India by him, it could be subject to tax]]>2017-02-14Should I increase my investments or make fresh investments with extra money?http://images.outlookmoney.com/ask/should-i-increase-my-investments-or-make-fresh-investments-with-extra-money-1176
The most convenient route for you would be to increase the SIP contributions to existing funds]]>2017-02-14I have the money to buy a house; does it still make sense to take a home loan?http://images.outlookmoney.com/ask/i-have-the-money-to-buy-a-house-does-it-still-make-sense-to-take-a-home-loan-1181
Ask yourself, what you would do with the money that you have, if you borrow to buy the house?]]>2017-02-15Can I take the bank to court for returning my cheque?http://images.outlookmoney.com/ask/can-i-take-the-bank-to-court-for-returning-my-cheque-1183
Seek remedies from the branch manager before you escalate the issue]]>2017-02-16Can there be more than one nominee in a mutual fund account?http://images.outlookmoney.com/ask/can-there-be-more-than-one-nominee-in-a-mutual-fund-account-1186
It is mandatory to have a nominee mentioned when you invest in a mutual fund]]>2017-02-16I don't get my bills on time. What can I do?http://images.outlookmoney.com/ask/i-dont-get-my-bills-on-time-what-can-i-do-1189
If you wish for a physical credit card bill, you should contact the branch you bank with and seek their assistance]]>2017-02-17Is it good to invest in a mutual fund with lower NAV than those with a high NAV?http://images.outlookmoney.com/ask/is-it-good-to-invest-in-a-mutual-fund-with-lower-nav-than-those-with-a-high-nav-1190
The net asset value (NAV) of a mutual fund scheme is a per unit value of its net assets]]>2017-02-17Why aren’t car policy premiums supposed to be uniform across insurers?http://images.outlookmoney.com/ask/why-arent-car-policy-premiums-supposed-to-be-uniform-across-insurers-1195
IRDAI prescribes the minimum rates of premium to be charged on the sum insured]]>2017-02-18Can I cancel my overseas mediclaim policy and claim a refund?http://images.outlookmoney.com/ask/can-i-cancel-my-overseas-mediclaim-policy-and-claim-a-refund-1197
Insurers do have a minimum notice period, within which you are expected to inform them about the change in plans]]>2017-02-18Should I still invest in an index fund?http://images.outlookmoney.com/ask/should-i-still-invest-in-an-index-fund-1198
ETFs cost less compared to index funds, because they are structured in such a manner]]>2017-02-18Can I nominate my two minor children for my life insurance policy?http://images.outlookmoney.com/ask/can-i-nominate-my-two-minor-children-for-my-life-insurance-policy-1202
If your children are still minors and you didn’t name an appointee, the claim proceeds will go to your legal heirs]]>2017-02-20Which schemes do you recommend to invest Rs 1,000 a month in equity-based SIPs?http://images.outlookmoney.com/ask/which-schemes-do-you-recommend-to-invest-rs-1000-a-month-in-equity-based-sips-1204
You should look at investing in a diversified equity fund which has a long-term performance history to go by]]>2017-02-20Which is better – equity or debt fund to invest?http://images.outlookmoney.com/ask/which-is-better-equity-or-debt-fund-to-invest-1206
There is a role played by both the asset classes – equity and debt]]>2017-02-20What is the basis of valuation of a car for the purpose of insurance?http://images.outlookmoney.com/ask/what-is-the-basis-of-valuation-of-a-car-for-the-purpose-of-insurance-1213
Normally, the amount proposed by the vehicle owner becomes the sum insured if the insurer accepts it]]>2017-02-22Should I still go for second home after the Rs 2 lakh cap proposed?http://images.outlookmoney.com/ask/should-i-still-go-for-second-home-after-the-rs-2-lakh-cap-proposed-1214
Tax benefits should not be the only factor based on which you should buy a property]]>2017-02-22How can I restart operating a bank account?http://images.outlookmoney.com/ask/how-can-i-restart-operating-a-bank-account-1217
You will need all the necessary documentation to get the KYC done in case of this account]]>2017-02-22We are not able to find the policy document. Is there any way to file the claim?http://images.outlookmoney.com/ask/we-are-not-able-to-find-the-policy-document-is-there-any-way-to-file-the-claim-1219
These days’ insurers send updates to policyholders on the registered mobile phones]]>2017-02-23What is the advantage of buying a term policy?http://images.outlookmoney.com/ask/what-is-the-advantage-of-buying-a-term-policy-1222
The biggest advantage of a term policy is that one gets adequate insurance for a cheap premium]]>2017-02-23Is it advisable to invest for long-term or short-term mutual funds?http://images.outlookmoney.com/ask/is-it-advisable-to-invest-for-long-term-or-short-term-mutual-funds-1223
Stick to investing based on how far your financial goals are]]>2017-02-24Can I show the withdrawals under any other income tax head?http://images.outlookmoney.com/ask/can-i-show-the-withdrawals-under-any-other-income-tax-head-1225
When you do an act of charity, the amount you spend for the purpose is treated as your personal drawings]]>2017-02-24What are the best tax-saving instruments?http://images.outlookmoney.com/ask/what-are-the-best-tax-saving-instruments-1226
Choose based on your financial needs instead of blindly choosing an instrument just to save income tax]]>2017-02-24What is under insurance? How does it affect the claims?http://images.outlookmoney.com/ask/what-is-under-insurance-how-does-it-affect-the-claims-1230
In case of general insurance, under insurance plays a crucial role]]>2017-02-25Can a life cover work as a collateral security for a loan?http://images.outlookmoney.com/ask/can-a-life-cover-work-as-a-collateral-security-for-a-loan-1231
Collateral security helps in securing the loan and is usually not considered for determining the amount of the loan]]>2017-02-25Which fund options should I opt for while buying a Ulip?http://images.outlookmoney.com/ask/which-fund-options-should-i-opt-for-while-buying-a-ulip-1233
For getting maximum returns, you need to constantly compare the performance & returns of the various funds offered]]>2017-02-25What are the risks covered under a comprehensive car insurance policy?http://images.outlookmoney.com/ask/what-are-the-risks-covered-under-a-comprehensive-car-insurance-policy-1235
A comprehensive car insurance policy covers any loss caused to the vehicle due to an accident or any other damage]]>2017-02-25Do health insurance policies cover plastic surgery?http://images.outlookmoney.com/ask/do-health-insurance-policies-cover-plastic-surgery-1237
Do check in the terms and conditions of the policy, as rules for such covers vary from insurer to insurer]]>2017-02-27Should I go for a Super Top-up plan or a Critical Illness plan?http://images.outlookmoney.com/ask/should-i-go-for-a-super-top-up-plan-or-a-critical-illness-plan-1238
It is difficult to decide on the quantum of health insurance which will prove to be adequate when the need arises]]>2017-02-27I want to save tax. Should I go for ELSS, Ulips, FD or any other product?http://images.outlookmoney.com/ask/i-want-to-save-tax-should-i-go-for-elss-ulips-fd-or-any-other-product-1242
There are several products, in which investments qualify for tax deductions under Section 80C up to Rs 1.5 lakh]]>2017-02-27How is monthly income planned to create the income flow?http://images.outlookmoney.com/ask/how-is-monthly-income-planned-to-create-the-income-flow-1245
To create a fixed monthly income flow, you could consider setting up a SWP facility on your mutual fund investments]]>2017-02-28What is a unit linked insurance plan?http://images.outlookmoney.com/ask/what-is-a-unit-linked-insurance-plan-1246
A unit linked insurance plan is a plan that provides both insurance as well as an investment benefit]]>2017-02-28Can I assign a nominee for my mutual fund units?http://images.outlookmoney.com/ask/can-i-assign-a-nominee-for-my-mutual-fund-units-1247
These days, you can rarely invest in a mutual fund without specifying a nominee]]>2017-02-28Which fund should I invest in for my daughter’s future?http://images.outlookmoney.com/ask/which-fund-should-i-invest-in-for-my-daughters-future-1249
The risk when investing through SIPs is far lower compared to investing in lump sum]]>2017-03-01What are the benefits of a current account for a small business?http://images.outlookmoney.com/ask/what-are-the-benefits-of-a-current-account-for-a-small-business-1250
If you are running a business and need to make and receive several payments, a current account helps]]>2017-03-01What are hybrid mutual funds?http://images.outlookmoney.com/ask/what-are-hybrid-mutual-funds-1252
With a pre-defined mix of equity and debt component, they are rebalanced to maintain the equity & debt allocation]]>2017-03-02When is it the right time to buy a health insurance for my daughter?http://images.outlookmoney.com/ask/when-is-it-the-right-time-to-buy-a-health-insurance-for-my-daughter-1258
As your daughter was pre-term, do state this fact when taking the policy]]>2017-03-03Can we include our parents in a family floater health insurance?http://images.outlookmoney.com/ask/can-we-include-our-parents-in-a-family-floater-health-insurance-1259
Family Floater Health Plan takes care of all the medical expenses during sudden illness, surgeries & accidents]]>2017-03-03I am confused between direct and regular plans so what should I do?http://images.outlookmoney.com/ask/i-am-confused-between-direct-and-regular-plans-so-what-should-i-do-1260
On investing through direct plans over regular plans, you should consider investing in direct plans cautiously]]>2017-03-03I plan to visit Tokyo so should I take international travel insurance policy?http://images.outlookmoney.com/ask/i-plan-to-visit-tokyo-so-should-i-take-international-travel-insurance-policy-1261
Health care costs in developed countries are much higher in comparison to India]]>2017-03-03Should I invest in a mutual fund or start an STP for the next 20 months?http://images.outlookmoney.com/ask/should-i-invest-in-a-mutual-fund-or-start-an-stp-for-the-next-20-months-1262
As you have a three year time frame to invest, you could also consider investing in an equity linked savings scheme]]>2017-03-03How can I take a loan against property mortgage?http://images.outlookmoney.com/ask/how-can-i-take-a-loan-against-property-mortgage-1264
Banks usually give only a certain percentage of the value of the property as loan]]>2017-03-03Does premium paid during the grace period affect the risk coverage?http://images.outlookmoney.com/ask/does-premium-paid-during-the-grace-period-affect-the-risk-coverage-1265
During the grace period, the policy remains in full force, even if the due premium is not paid]]>2017-03-03I want to invest more, what other funds can I invest in?http://images.outlookmoney.com/ask/i-want-to-invest-more-what-other-funds-can-i-invest-in-1271
If you can invest for five years and more, you should consider starting a SIP in diversified equity funds]]>2017-03-06Will I enjoy tax benefits on the loan paid on the new house?http://images.outlookmoney.com/ask/will-i-enjoy-tax-benefits-on-the-loan-paid-on-the-new-house-1273
The second house is solely an investment and will be treated as let out property ]]>2017-03-06Since I have no dependents, which health insurance should I take?http://images.outlookmoney.com/ask/since-i-have-no-dependents-which-health-insurance-should-i-take-1274
There are policies available that cater to diabetics, which do have restrictions on what it covers and excludes]]>2017-03-06What does 'Double Accident Benefit' mean in a life insurance policy?http://images.outlookmoney.com/ask/what-does-double-accident-benefit-mean-in-a-life-insurance-policy-1277
In order to be eligible for this benefit, the death must be caused directly and independently of all other causes]]>2017-03-06What has to be done if an insurer declines a burglary claim?http://images.outlookmoney.com/ask/what-has-to-be-done-if-an-insurer-declines-a-burglary-claim-1293
The reason why the claim was denied could be due to the difference between theft and burglary]]>2017-03-10How can I make sure my minor daughter gets the claim in my absence?http://images.outlookmoney.com/ask/how-can-i-make-sure-my-minor-daughter-gets-the-claim-in-my-absence-1294
You can instruct the appointee by way of a Will to take care of the money for your daughter]]>2017-03-10Is the interest earned on a savings bank account taxed?http://images.outlookmoney.com/ask/is-the-interest-earned-on-a-savings-bank-account-taxed-1295
Yes, the interest earned on a savings bank account and even post office savings account is taxable]]>2017-03-10Will my wife have to pay tax on the pension received by her?http://images.outlookmoney.com/ask/will-my-wife-have-to-pay-tax-on-the-pension-received-by-her-1300
The pension received by an individual from former employers after their retirement is fully taxable in their hands]]>2017-03-11How much tax exemption shall I be entitled for missing on an EMI?http://images.outlookmoney.com/ask/how-much-tax-exemption-shall-i-be-entitled-for-missing-on-an-emi-1301
The deduction of interest on home loan is allowed on accrual basis]]>2017-03-11Can Ulips gurantee returns?http://images.outlookmoney.com/ask/can-ulips-gurantee-returns-1302
The returns in the benefit illustration shown by the agents are only projected returns]]>2017-03-11What should be the parameters which I should look into before selecting a MF?http://images.outlookmoney.com/ask/what-should-be-the-parameters-which-i-should-look-into-before-selecting-a-mf-1305
If you are a taxpayer, you should definitely choose the equity-linked savings scheme to start with]]>2017-03-11Should I invest in Reliance Regular Savings Fund?http://images.outlookmoney.com/ask/should-i-invest-in-reliance-regular-savings-fund-1306
The fund’s performance has been good and you could invest in this fund for the long run]]>2017-03-11Can I port my insurance policy from one insurer to another?http://images.outlookmoney.com/ask/can-i-port-my-insurance-policy-from-one-insurer-to-another-1307
The premium and policy benefits may differ from your existing policy when you port]]>2017-03-11Suggest some mutual funds which can give me a return of at least 15 per cent.http://images.outlookmoney.com/ask/suggest-some-mutual-funds-which-can-give-me-a-return-of-at-least-15-per-cent-1308
Mutual fund investments are not risk free and there is no guarantee on returns ]]>2017-03-11How to read the benefit illustration while buying a Ulip?http://images.outlookmoney.com/ask/how-to-read-the-benefit-illustration-while-buying-a-ulip-1309
The illustration explains how the money grows and the charges levied in the scheme]]>2017-03-11Is the insurer right in refusing to settle the claim?http://images.outlookmoney.com/ask/is-the-insurer-right-in-refusing-to-settle-the-claim-1311
It is not enough to write a cheque to the insurer, but also wait for it to be cleared]]>2017-03-14Does one get the premiums paid towards a term insurance back upon maturity?http://images.outlookmoney.com/ask/does-one-get-the-premiums-paid-towards-a-term-insurance-back-upon-maturity-1312
Term Insurance plan is a pure risk plan wherein a very low cost is paid to cover life for a specific term]]>2017-03-14Who will get insurance settlement on my stolen car?http://images.outlookmoney.com/ask/who-will-get-insurance-settlement-on-my-stolen-car-1313
In your case the insurers will be issuing the cheque of the settlement amount in favour of the lenders only]]>2017-03-14Is it a good idea to opt for voluntary pension fund?http://images.outlookmoney.com/ask/is-it-a-good-idea-to-opt-for-voluntary-pension-fund-1314
If equity is something that you do not wish to invest in, consider the debt option under NPS over the VPF
]]>2017-03-14Is the NPS a good tax saving option?http://images.outlookmoney.com/ask/is-the-nps-a-good-tax-saving-option-1315
The National Pension Scheme is a great retirement savings and investment option]]>2017-03-14My father nominated my brother so will he become the sole owner of the policy?http://images.outlookmoney.com/ask/my-father-nominated-my-brother-so-will-he-become-the-sole-owner-of-the-policy-1321
As per law, a nominee is just entitled to give a valid discharge to the life insurance contract]]>2017-03-15What are the factors on which HRA exemption depends?http://images.outlookmoney.com/ask/what-are-the-factors-on-which-hra-exemption-depends-1323
Normally, HRA exemption depends on your salary; place of residence; rent paid & lastly the HRA received]]>2017-03-15What is the eligibility criterion for taking a loan against an endowment policy?http://images.outlookmoney.com/ask/what-is-the-eligibility-criterion-for-taking-a-loan-against-an-endowment-policy-1331
The amount of loan granted is always less than the cash value]]>2017-03-17Is it possible to claim housing loan interest and principle repayment?http://images.outlookmoney.com/ask/is-it-possible-to-claim-housing-loan-interest-and-principle-repayment-1332
In case the property is self-occupied, the rental income is treated as nil]]>2017-03-17What is the maximum amount of sum assured on Rs 3 lakh annual income?http://images.outlookmoney.com/ask/what-is-the-maximum-amount-of-sum-assured-on-rs-3-lakh-annual-income-1333
A ballpark insurance cover on which most life insurers work on is to limit the sum assured ]]>2017-03-17What is under insurance?http://images.outlookmoney.com/ask/what-is-under-insurance-1334
If an asset is insured for less than its actual value, it is said to be under insured]]>2017-03-17Am I liable for tax if I withdrew my EPF before 5 years?http://images.outlookmoney.com/ask/am-i-liable-for-tax-if-i-withdrew-my-epf-before-5-years-1336
The amounts withdrawn from EPF will be treated as "salary", but tax payable is not same as other forms of income]]>2017-03-17How are the EMI figures calculated for a house loan?http://images.outlookmoney.com/ask/how-are-the-emi-figures-calculated-for-a-house-loan-1337
When someone takes a loan from a bank, it gives the amortisation break-up details for the entire period of the loan]]>2017-03-17Can I have an insurance policy on the basis of my actual date of birth?http://images.outlookmoney.com/ask/can-i-have-an-insurance-policy-on-the-basis-of-my-actual-date-of-birth-1338
You cannot get a policy for a date other than what is stated in documentary proof]]>2017-03-17What are the main features of money back policies?http://images.outlookmoney.com/ask/what-are-the-main-features-of-money-back-policies-1341
These are endowment plans that periodically return a certain percentage of the sum assured over the plan’s term]]>2017-03-17From what kind of life insurance policy can I receive money during its tenure?http://images.outlookmoney.com/ask/from-what-kind-of-life-insurance-policy-can-i-receive-money-during-its-tenure-1342
The money paid out from time to time is lump sum in nature and is a proportion of the policy sum assured]]>2017-03-17I am now cured and looking for a new policy so will I be issued a policy now?http://images.outlookmoney.com/ask/i-am-now-cured-and-looking-for-a-new-policy-so-will-i-be-issued-a-policy-now-1344
You should not limit yourself by asking for a policy from a single insurer]]>2017-03-20What can I do to achieve my retirement goal?http://images.outlookmoney.com/ask/what-can-i-do-to-achieve-my-retirement-goal-1345
You can create an income stream in retirement in various ways]]>2017-03-20Suggest a suitable term insurance plan for my family.http://images.outlookmoney.com/ask/suggest-a-suitable-term-insurance-plan-for-my-family-1348
The move is commendable as it is pure life insurance, with no savings or investment component]]>2017-03-20Should I lend money to my son for buying a car instead of taking a loan?http://images.outlookmoney.com/ask/should-i-lend-money-to-my-son-for-buying-a-car-instead-of-taking-a-loan-1349
If you have the money, give it to your son as a gift to make the transaction tax efficient]]>2017-03-20If I switch a health insurance policy, what will be the charges?http://images.outlookmoney.com/ask/if-i-switch-a-health-insurance-policy-what-will-be-the-charges-1351
There is the possibility of the insurer you wish to port charging you a higher premium in lieu of the shift]]>2017-03-20Should I put the money I don't need for six months in equities?http://images.outlookmoney.com/ask/should-i-put-the-money-i-dont-need-for-six-months-in-equities-1352
Investments in equities are best for a 3-5 year time period at the least]]>2017-03-20What should I do to retire my credit card debt?http://images.outlookmoney.com/ask/what-should-i-do-to-retire-my-credit-card-debt-1353
If you have any investments that could be liquidated; you should do so to retire this debt]]>2017-03-20Are there any tax exemptions if I redeem my mutual fund schemes?http://images.outlookmoney.com/ask/are-there-any-tax-exemptions-if-i-redeem-my-mutual-fund-schemes-1356
The only mutual fund scheme that is eligible for tax exemptions under Section 80C is the ELSS]]>2017-03-21Will I be eligible to get relief from interest on education loan?http://images.outlookmoney.com/ask/will-i-be-eligible-to-get-relief-from-interest-on-education-loan-1357
The subsidy is not applicable for a loan taken prior to April 1, 2009]]>2017-03-21Can the insurer cancel the policy if any incorrect statement is found?http://images.outlookmoney.com/ask/can-the-insurer-cancel-the-policy-if-any-incorrect-statement-is-found-1358
Under such circumstances, the insurers have the option to cease all benefits under the policy]]>2017-03-21Does my son need to file returns now that he has a PAN?http://images.outlookmoney.com/ask/does-my-son-need-to-file-returns-now-that-he-has-a-pan-1359
Filing of returns is mandatory for people who have an annual income above the basic threshold level]]>2017-03-22What are hybrid mutual funds?http://images.outlookmoney.com/ask/what-are-hybrid-mutual-funds-1360
Hybrid funds could also have allocation to gold and follow a disciplined asset allocation plan]]>2017-03-22My investments in NSC matured a month ago so can I claim the tax deduction?http://images.outlookmoney.com/ask/my-investments-in-nsc-matured-a-month-ago-so-can-i-claim-the-tax-deduction-1366
The maximum amount that can be claimed as a deduction under Section 80 is Rs 1 lakh]]>2017-03-23When is the payment made under a critical illness rider attached with a policy?http://images.outlookmoney.com/ask/when-is-the-payment-made-under-a-critical-illness-rider-attached-with-a-policy-1368
The payment is normally made 30 days after the critical illness is diagnosed]]>2017-03-24On what basis do insurers grant life insurance?http://images.outlookmoney.com/ask/on-what-basis-do-insurers-grant-life-insurance-1369
Once the prospective buyer of life insurance policy fills up the proposal, the documents go for scrutiny]]>2017-03-25Is the bank correct in debiting charges from inoperative savings bank account?http://images.outlookmoney.com/ask/is-the-bank-correct-in-debiting-charges-from-inoperative-savings-bank-account-1371
Take up the matter with the bank manager and also check with them about where this rule is stated]]>2017-03-24Do I need a PIN to use my credit card?http://images.outlookmoney.com/ask/do-i-need-a-pin-to-use-my-credit-card-1372
A PIN is usually required only when you withdraw cash from the ATM]]>2017-03-26Are money back schemes of life insurance companies better than fixed deposits?http://images.outlookmoney.com/ask/are-money-back-schemes-of-life-insurance-companies-better-than-fixed-deposits-1376
Money-back policies need commitment to pay for a long duration and charge you for providing life insurance cover]]>2017-03-26What is a mortgage redemption policy?http://images.outlookmoney.com/ask/what-is-a-mortgage-redemption-policy-1377
Bear in mind that such a policy has no surrender value or survival benefits]]>2017-03-26Do political parties also file income tax returns?http://images.outlookmoney.com/ask/do-political-parties-also-file-income-tax-returns-1378
Political parties are obliged to file a return of their total income under Section 139(4B) of the Income Tax Act]]>2017-03-26If I earn rental income from a property will it be clubbed with my income?http://images.outlookmoney.com/ask/if-i-earn-rental-income-from-a-property-will-it-be-clubbed-with-my-income-1379
You have tried to smartly reduce your tax liability, but tax laws are not that simple and straightforward]]>2017-03-26What is the procedure for raising the credit card limit?http://images.outlookmoney.com/ask/what-is-the-procedure-for-raising-the-credit-card-limit-1380
In order to raise the credit limit, talk to the customer service department of the bank]]>2017-03-27Please advice if investing through SIP a good investment?http://images.outlookmoney.com/ask/please-advice-if-investing-through-sip-a-good-investment-1393
This is a 5-star rated multi cap fund which invests in companies that are part of the BSE 200 Index]]>2017-03-29Can I transfer the fire policy cover to my brother's name?http://images.outlookmoney.com/ask/can-i-transfer-the-fire-policy-cover-to-my-brothers-name-1394
Since the property now belongs to your brother, you no longer have an insurable interest in it]]>2017-03-29What is the difference between ECS, RTGS and NEFT?http://images.outlookmoney.com/ask/what-is-the-difference-between-ecs-rtgs-and-neft-1395
Banks are able to participate in these systems depending on the infrastructure they have created]]>2017-03-29Which plan is better?http://images.outlookmoney.com/ask/which-plan-is-better-1396
The premium for a pure risk policy is equal to the mortality charges that the insurance company must recover]]>2017-03-30I am planning to invest in ICICI Prudential FMCG Fund. Please advice on this.http://images.outlookmoney.com/ask/i-am-planning-to-invest-in-icici-prudential-fmcg-fund-please-advice-on-this-1397
Invest in these funds only if you understand how the sector is likely to perform]]>2017-03-30Can the banks charge for statements?http://images.outlookmoney.com/ask/can-the-banks-charge-for-statements-1400
Yes, banks can charge fee for services provided by them]]>2017-04-01Can insurance company increase the amount of premium?http://images.outlookmoney.com/ask/can-insurance-company-increase-the-amount-of-premium-1401
The premiums could vary depending on the changing premium rates, approved by the regulator.
]]>2017-04-01Please suggest a good fund to invest in through SIP.http://images.outlookmoney.com/ask/please-suggest-a-good-fund-to-invest-in-through-sip-1402
If SIP is the only way you wish to invest, you could invest in balanced funds]]>2017-04-01I would like to know about ELSS funds, mid- and large-cap funds.http://images.outlookmoney.com/ask/i-would-like-to-know-about-elss-funds-mid-and-large-cap-funds-1403
The difference is the allocation to stock with different market capitalization over a three year period.]]>2017-04-01Is it a good time to invest in gold coins instead of investing in gold ETFs?http://images.outlookmoney.com/ask/is-it-a-good-time-to-invest-in-gold-coins-instead-of-investing-in-gold-etfs-1404
The option of taking the gold ETF route is a more safe and convenient one.]]>2017-04-01Could you please explain the taxation of fund of funds.http://images.outlookmoney.com/ask/could-you-please-explain-the-taxation-of-fund-of-funds-1406
The long-term capital gains tax will be 20 per cent with the inflation indexation benefit]]>2017-03-31What is the status of my policy now?http://images.outlookmoney.com/ask/what-is-the-status-of-my-policy-now-1407
You basically have a family floater health insurance policy, under which both you and your wife are insured]]>2017-03-31Is it right to invest in direct fund through SIP of Rs 1000?http://images.outlookmoney.com/ask/is-it-right-to-invest-in-direct-fund-through-sip-of-rs-1000-1409
It will be in your best interest to invest with a goal and purpose]]>2017-03-31Am I required to file return after investing in fixed deposits & mutual funds?http://images.outlookmoney.com/ask/am-i-required-to-file-return-after-investing-in-fixed-deposits-mutual-funds-1410
If your overall income is below the taxable limit, you will not need to pay any income tax]]>2017-04-02What is the difference between a health policy and overseas health policy?http://images.outlookmoney.com/ask/what-is-the-difference-between-a-health-policy-and-overseas-health-policy-1411
Both policies service different insurance needs]]>2017-04-02Can I invest in mutual funds on my daughter’s name?http://images.outlookmoney.com/ask/can-i-invest-in-mutual-funds-on-my-daughters-name-1412
You, as the parent can hold units of a mutual fund and transact on behalf of your daughter]]>2017-04-02How does the provident fund balance taxed?http://images.outlookmoney.com/ask/how-does-the-provident-fund-balance-taxed-1413
It will be in your interest to continue your PF contributions to your next job than make this withdrawal]]>2017-04-02How valid is the cover note given by insurance agent?http://images.outlookmoney.com/ask/how-valid-is-the-cover-note-given-by-insurance-agent-1414
The cover note acts like a temporary insurance document establishing proof of insurance]]>2017-04-02How is an endowment policy different from a term policy?http://images.outlookmoney.com/ask/how-is-an-endowment-policy-different-from-a-term-policy-1416
Both are life insurance policies that cover life risk, but they are both different in structure and costs]]>2017-04-03What will happen if I sell my property for which I am claiming tax deductions?http://images.outlookmoney.com/ask/what-will-happen-if-i-sell-my-property-for-which-i-am-claiming-tax-deductions-1417
You could wait for one more year before considering this sale to reduce your tax outgo]]>2017-04-03Is my insurance enough and are the funds that I am investing in good?http://images.outlookmoney.com/ask/is-my-insurance-enough-and-are-the-funds-that-i-am-investing-in-good-1418
Invest with a financial goal; say your child’s education or your retirement to get a better outcome of your money]]>2017-04-03Can I recover the money that got deducted for not maintaining minimum balance?http://images.outlookmoney.com/ask/can-i-recover-the-money-that-got-deducted-for-not-maintaining-minimum-balance-1419
If the bank had mentioned, they have the right to deduct the charge for non maintenance of a minimum balance]]>2017-04-03I want to insure some of my expensive paintings. What are my options?http://images.outlookmoney.com/ask/i-want-to-insure-some-of-my-expensive-paintings-what-are-my-options-1420
The usual practice before getting a painting insured is to get it valued from a professional]]>2017-04-04What is the importance of a signature on the printed slips?http://images.outlookmoney.com/ask/what-is-the-importance-of-a-signature-on-the-printed-slips-1422
Reason for some merchants asking you to sign is to protect their interests in case of any dispute at a later date]]>2017-04-04I want to know about UPI and how I could use it. Please explain.http://images.outlookmoney.com/ask/i-want-to-know-about-upi-and-how-i-could-use-it-please-explain-1423
UPI is an identity needed for your money and is a unique identifier that your bank uses to transfer money]]>2017-04-04What is to be done when money does not come out of the ATM?http://images.outlookmoney.com/ask/what-is-to-be-done-when-money-does-not-come-out-of-the-atm-1424
In such cases it is best to first take a mini statement or statement reflecting the debit as proof with you]]>2017-04-04Is it better to take an individual health plan or a family floater policy?http://images.outlookmoney.com/ask/is-it-better-to-take-an-individual-health-plan-or-a-family-floater-policy-1425
In a family floater plan all the members of a family are insured under one policy]]>2017-04-05Why is the premium low for term insurance plans?http://images.outlookmoney.com/ask/why-is-the-premium-low-for-term-insurance-plans-1429
Unlike other policies, term plans do not mix savings & investments, which is why there is no maturity benefit]]>2017-04-05Is there any suitable alternative for my retirement income?http://images.outlookmoney.com/ask/is-there-any-suitable-alternative-for-my-retirement-income-1431
The interest rate on monthly income schemes are falling because of changes in the economy impacting the rates]]>2017-04-06Please suggest what funds can I invest in?http://images.outlookmoney.com/ask/please-suggest-what-funds-can-i-invest-in-1432
You should consider reviewing the performance of these schemes at least once a year ascertaining their progress]]>2017-04-06How is prepaying home loan beneficial?http://images.outlookmoney.com/ask/how-is-prepaying-home-loan-beneficial-1434
One of the biggest advantages of repaying any loan is being debt free]]>2017-04-06Can I change the nomination in a life insurance policy?http://images.outlookmoney.com/ask/can-i-change-the-nomination-in-a-life-insurance-policy-1435
You can change the nomination in your life insurance policy as many times as you wish to during the policy tenure]]>2017-04-06What can I do to instil some financial discipline in my college going kids?http://images.outlookmoney.com/ask/what-can-i-do-to-instil-some-financial-discipline-in-my-college-going-kids-1436
The best way to instil discipline when it comes to spending money is to give them a fixed allowance every month]]>2017-04-07Should I switch or redirect my holdings in a Ulip fund?http://images.outlookmoney.com/ask/should-i-switch-or-redirect-my-holdings-in-a-ulip-fund-1437
A switch enables you to shift the existing units that you hold of your Ulip into a different type of fund available]]>2017-04-07Is a daily SIP better or a monthly SIP?http://images.outlookmoney.com/ask/is-a-daily-sip-better-or-a-monthly-sip-1441
The frequency of your investment should be based on the frequency at which you earn, which is most often monthly]]>2017-04-07Is there any problem if I continue to keep two car policies?http://images.outlookmoney.com/ask/is-there-any-problem-if-i-continue-to-keep-two-car-policies-1442
If you file a claim with one of the insurers, both the insurers will share the loss in the ratio of the sum insured]]>2017-04-08How much can I withdraw from my PPF before continuing it?http://images.outlookmoney.com/ask/how-much-can-i-withdraw-from-my-ppf-before-continuing-it-1443
As per the PPF rules, you can withdraw once every year from seventh financial year of the account]]>2017-04-08Where can I keep my money safely?http://images.outlookmoney.com/ask/where-can-i-keep-my-money-safely-1444
You could consider putting this sum into a liquid or ultra-short-term fund]]>2017-04-08What is top-up benefit under a unit-linked insurance plan?http://images.outlookmoney.com/ask/what-is-top-up-benefit-under-a-unit-linked-insurance-plan-1445
You could use the convenience of taking an Ulip with a lower premium to start with]]>2017-04-08Can I claim tax benefits for the amount paid on our PPF contribution?http://images.outlookmoney.com/ask/can-i-claim-tax-benefits-for-the-amount-paid-on-our-ppf-contribution-1446
You can claim deduction from total income in respect of contributions to any PPF belonging to self, spouse or child]]>2017-04-09Do insurers automatically pay the maturity benefit of endowment plan?http://images.outlookmoney.com/ask/do-insurers-automatically-pay-the-maturity-benefit-of-endowment-plan-1447
No, insurers do not automatically pay the maturity benefits of endowment plans]]>2017-04-09Can I extend the tenure of my existing bank FD?http://images.outlookmoney.com/ask/can-i-extend-the-tenure-of-my-existing-bank-fd-1448
To get a longer term for fixed deposits, you will need to close your current FD and open a fresh FD]]>2017-04-09I never had a credit card or taken loan. Does this mean I have no credit score?http://images.outlookmoney.com/ask/i-never-had-a-credit-card-or-taken-loan-does-this-mean-i-have-no-credit-score-1449
Credit score is one of the ways for a lender to assess your loan repayment capability]]>2017-04-09In case of my demise, will both my insurance policies payout the claim?http://images.outlookmoney.com/ask/in-case-of-my-demise-will-both-my-insurance-policies-payout-the-claim-1450
Human life is considered invaluable, so a number of policies can be issued in the name of one person]]>2017-04-09What kind of loan do you suggest for my father's surgery?http://images.outlookmoney.com/ask/what-kind-of-loan-do-you-suggest-for-my-fathers-surgery-1452
The importance of insurance is realised more often when one does have one]]>2017-04-10What are the benefits of a co-branded card over a normal one?http://images.outlookmoney.com/ask/what-are-the-benefits-of-a-co-branded-card-over-a-normal-one-1455
You should consider such a card only if you frequently use credit cards and spend on the co-branded services]]>2017-04-10Can I claim a tax deduction by paying premiums for my in-laws?http://images.outlookmoney.com/ask/can-i-claim-a-tax-deduction-by-paying-premiums-for-my-in-laws-1456
Tax deductions on payments towards health insurance can be claimed under Section 80D of the Income Tax Act]]>2017-04-10Is the premium higher for an old car than a new car?http://images.outlookmoney.com/ask/is-the-premium-higher-for-an-old-car-than-a-new-car-1458
The premium on a car insurance is based on the value of the car being insured]]>2017-04-11How do I verify if they've received my tax returns?http://images.outlookmoney.com/ask/how-do-i-verify-if-theyve-received-my-tax-returns-1459
In case the acknowledgement on your tax filing is not confirmed, you have the recourse to send it a second time]]>2017-04-11Is it the right time to invest in ELSS?http://images.outlookmoney.com/ask/is-it-the-right-time-to-invest-in-elss-1461
It is a good idea to consider tax savings at the beginning of the year to avoid last minute delays and surprises]]>2017-04-10Will the tax authorities attach my life insurance policies to recover tax dues?http://images.outlookmoney.com/ask/will-the-tax-authorities-attach-my-life-insurance-policies-to-recover-tax-dues-1462
Lesson for others to avoid such a possibility is to acquire life insurance under the Married Women’s Property Act]]>2017-04-10Can I avail tax deduction on rent?http://images.outlookmoney.com/ask/can-i-avail-tax-deduction-on-rent-1464
Yes, a pensioner can claim deduction on rent paid for property under Section 80GG of the Income Tax Act ]]>2017-04-12Please help me to figure out the fund's performance.http://images.outlookmoney.com/ask/please-help-me-to-figure-out-the-funds-performance-1466
When investing in broad equity diversified funds; consider investing through SIPs and not make lump sum investments]]>2017-04-12Should I buy the term plan in India or in Muscat?http://images.outlookmoney.com/ask/should-i-buy-the-term-plan-in-india-or-in-muscat-1467
The claim would be paid in Indian rupees only to your nominees who may or may not be residing in India]]>2017-04-12What is the RBI guideline for exchanging torn notes?http://images.outlookmoney.com/ask/what-is-the-rbi-guideline-for-exchanging-torn-notes-1489
There is no rule that disallows you from exchanging torn or soiled notes from the bank]]>2017-04-17Does Indian Railways give cover to its passengers?http://images.outlookmoney.com/ask/does-indian-railways-give-cover-to-its-passengers-1468
The cover is provided to bona fide passenger ticket-holders, platform ticket-holders and season ticket-holders]]>2017-04-13In case of accident, does comprehensive car insurance cover towing charges?http://images.outlookmoney.com/ask/in-case-of-accident-does-comprehensive-car-insurance-cover-towing-charges-1469
Generally, the comprehensive car insurance cover is insurance against accident and related impact on your car]]>2017-04-13What to do if the demand draft, which I forgot about is no more valid & payable?http://images.outlookmoney.com/ask/what-to-do-if-the-demand-draft-which-i-forgot-about-is-no-more-valid-payable-1470
Send the draft back to your father, as it will be easy for him to visit the bank from where the DD was made]]>2017-04-13The value of my investment has hardly made any gains so what should I do?http://images.outlookmoney.com/ask/the-value-of-my-investment-has-hardly-made-any-gains-so-what-should-i-do-1471
When investing in mutual funds, you must consider your investment objective before committing money]]>2017-04-13What makes claims on life policies late?http://images.outlookmoney.com/ask/what-makes-claims-on-life-policies-late-1473
Do not make the hasty choice of taking a policy from the insurer offering lowest premiums alone]]>2017-04-14How can I use my money to create a monthly income stream?http://images.outlookmoney.com/ask/how-can-i-use-my-money-to-create-a-monthly-income-stream-1474
You may also consider keeping the money in a bouquet of mutual funds for growth and at the same time create a SWP]]>2017-04-14How long should one remain invested in an SIP?http://images.outlookmoney.com/ask/how-long-should-one-remain-invested-in-an-sip-1475
Depending on your investment goal and the performance of the fund you could remain invested for as long as you wish]]>2017-04-14I'm a diabetic. Can I take a family floater health policy?http://images.outlookmoney.com/ask/im-a-diabetic-can-i-take-a-family-floater-health-policy-1477
You can get a health insurance policy if you are diabetic and you can get a floater policy for your family too.]]>2017-04-14Should I file a claim with both insurance companies?http://images.outlookmoney.com/ask/should-i-file-a-claim-with-both-insurance-companies-1478
All insurance policies other than life insurance & personal accident policies are issued with a contribution clause]]>2017-04-15Where can I invest for my son’s future needs like education?http://images.outlookmoney.com/ask/where-can-i-invest-for-my-sons-future-needs-like-education-1479
You could consider investing in funds from the OLM Elite list for beginners]]>2017-04-15How change in fund management will impact the returns?http://images.outlookmoney.com/ask/how-change-in-fund-management-will-impact-the-returns-1480
A good fund from a stable fund house is capable of handling any change in fund management ]]>2017-04-15If we do not redeem our investments in ELSS,could we claim tax deductions on it?http://images.outlookmoney.com/ask/if-we-do-not-redeem-our-investments-in-elsscould-we-claim-tax-deductions-on-it-1481
Investments in ELSS qualify for tax deductions under Section 80C of the Income Tax Act]]>2017-04-15How can I get the extra amount to furnish my house?http://images.outlookmoney.com/ask/how-can-i-get-the-extra-amount-to-furnish-my-house-1483
A top up loan allows you to avail a loan amount on top of your existing home loan]]>2017-04-16Why don’t banks offer credit cards to senior citizens?http://images.outlookmoney.com/ask/why-dont-banks-offer-credit-cards-to-senior-citizens-1484
It may seem silly, but card issuers consider senior citizens to be financial dependents]]>2017-04-16Should I continue with this policy?http://images.outlookmoney.com/ask/should-i-continue-with-this-policy-1485
Ulips are combination products that mix investments and insurance]]>2017-04-16What are the formalities required to take a health insurance for six months?http://images.outlookmoney.com/ask/what-are-the-formalities-required-to-take-a-health-insurance-for-six-months-1486
The first step that you need to undertake is to fill up the proposal form for a long duration overseas insurance]]>2017-04-16Is there a way to convert my gold coins and ornaments into gold ETF?http://images.outlookmoney.com/ask/is-there-a-way-to-convert-my-gold-coins-and-ornaments-into-gold-etf-1488
You will need to sell the gold that you have and then deploy the proceeds from such sales into gold ETF]]>2017-04-17What is domiciliary hospitalisation benefit in the context of health insurance?http://images.outlookmoney.com/ask/what-is-domiciliary-hospitalisation-benefit-in-the-context-of-health-insurance-1491
Domiciliary hospitalisation benefit is available where the stipulated minimum 24 hour hospitalisation is impossible]]>2017-04-17How does premium increase if senior citizens are included in family floater?http://images.outlookmoney.com/ask/how-does-premium-increase-if-senior-citizens-are-included-in-family-floater-1492
The change in policy rates is not linked to just one policy, but to all the policies issued by the insurer]]>2017-04-17Can I transfer the balance on my credit card to another card with another bank?http://images.outlookmoney.com/ask/can-i-transfer-the-balance-on-my-credit-card-to-another-card-with-another-bank-1493
When you do not settle the credit card dues, you are actually paying up a higher sum by way of interest outgo]]>2017-04-18Can I take a loan to renovate my house?http://images.outlookmoney.com/ask/can-i-take-a-loan-to-renovate-my-house-1494
Any loan, especially when it is a home loan or home improvement loan, is subject to your credit profile and score]]>2017-04-17Which fund should I invest in for good returns?http://images.outlookmoney.com/ask/which-fund-should-i-invest-in-for-good-returns-1496
As you are a first time investor, it will be good for you to invest regularly in mutual funds]]>2017-04-18Do I need to pay penalty for premature withdrawal from fixed deposits?http://images.outlookmoney.com/ask/do-i-need-to-pay-penalty-for-premature-withdrawal-from-fixed-deposits-1498
If the penalty and the rate are mentioned in the deposit document, the bank is entitled to deduct the penalty]]>2017-04-18I am servicing a loan. Can I also get a home loan?http://images.outlookmoney.com/ask/i-am-servicing-a-loan-can-i-also-get-a-home-loan-1499
You can get a home loan even when you are servicing your existing loan, provided you have a good credit score]]>2017-04-19Advice the funds that I can invest in with a 5-year term for my daughter.http://images.outlookmoney.com/ask/advice-the-funds-that-i-can-invest-in-with-a-5-year-term-for-my-daughter-1500
Instead of one time lump sum, you will be better off investing a regular sum each month through systematic savings]]>2017-04-19Should I go for a home loan from a PSU bank or a private sector bank?http://images.outlookmoney.com/ask/should-i-go-for-a-home-loan-from-a-psu-bank-or-a-private-sector-bank-1503
What you need to check is the services offered by the bank in terms of quick turnaround time on loan disbursement]]>2017-04-20I am single. What can I do with my retirement corpus of Rs 2 crore?http://images.outlookmoney.com/ask/i-am-single-what-can-i-do-with-my-retirement-corpus-of-rs-2-crore-1504
There are mutual funds available that you could consider based on your comfort with risk and liquidity.]]>2017-04-20What can I do as banks are unwilling to fund first-generation business?http://images.outlookmoney.com/ask/what-can-i-do-as-banks-are-unwilling-to-fund-first-generation-business-1505
It’s a good idea to get started with your own funds, borrowing from friends and relatives.]]>2017-04-20Should I invest my bonus or off retire the home loan which I am servicing?http://images.outlookmoney.com/ask/should-i-invest-my-bonus-or-off-retire-the-home-loan-which-i-am-servicing-1506
If you are new to investing, then you may be better off retiring the loan and then consider investing regularly]]>2017-04-21How can I buy a life policy under the Married Women’s Property Act?http://images.outlookmoney.com/ask/how-can-i-buy-a-life-policy-under-the-married-womens-property-act-1509
The MWP Act was enacted with a view to protect the properties of women against the creditors]]>2017-04-21What is the age limit for acquiring health insurance?http://images.outlookmoney.com/ask/what-is-the-age-limit-for-acquiring-health-insurance-1510
The upper age limit for the public sector companies and some private companies is 80 years.]]>2017-04-21Who will be paid if insured dies after maturity but before claim settlement?http://images.outlookmoney.com/ask/who-will-be-paid-if-insured-dies-after-maturity-but-before-claim-settlement-1511
In such cases, the policy will vest in the deceased’s estate and the claim is paid to the heirs]]>2017-04-21I have two goals, my son's education and my retirement. How should I go forward?http://images.outlookmoney.com/ask/i-have-two-goals-my-sons-education-and-my-retirement-how-should-i-go-forward-1512
Start by investing separately for each of the goals]]>2017-04-22If we book profits in shares in rising market, should we do the same in equity?http://images.outlookmoney.com/ask/if-we-book-profits-in-shares-in-rising-market-should-we-do-the-same-in-equity-1513
Investing in mutual funds is meant to be in a manner that you do not have to make too many decisions on timing]]>2017-04-22Is it necessary to get my jewellery valued before taking cover for it?http://images.outlookmoney.com/ask/is-it-necessary-to-get-my-jewellery-valued-before-taking-cover-for-it-1514
Although it is not a must to get your jewellery valued before insuring it; you will be better off if you do so]]>2017-04-22How should I invest the money which I have as surplus fund in the bank?http://images.outlookmoney.com/ask/how-should-i-invest-the-money-which-i-have-as-surplus-fund-in-the-bank-1516
Invest regularly through the SIP into diversified equity mutual funds that you could select from the OLM Elite list]]>2017-04-22What recourse do the dependants of the insured have if death claim is rejected?http://images.outlookmoney.com/ask/what-recourse-do-the-dependants-of-the-insured-have-if-death-claim-is-rejected-1517
You can make a representation to the insurer for reconsideration of the claim]]>2017-04-23Can the rental income be adjusted against the rental payments?http://images.outlookmoney.com/ask/can-the-rental-income-be-adjusted-against-the-rental-payments-1518
As per the tax laws, rental income will be taxed under income from house property]]>2017-04-23Are there equity funds that also double up as tax savers?http://images.outlookmoney.com/ask/are-there-equity-funds-that-also-double-up-as-tax-savers-1519
Yes, there is a type of diversified equity fund known as equity-linked savings schemes]]>2017-04-23In case of an accident of vehicle bought on loan, who gets the claim money?http://images.outlookmoney.com/ask/in-case-of-an-accident-of-vehicle-bought-on-loan-who-gets-the-claim-money-1520
Till you pay off the loan, it’s the financier who is considered the owner for all practical purposes]]>2017-04-23Will I qualify for tax rebate on home loan if I have multiple properties?http://images.outlookmoney.com/ask/will-i-qualify-for-tax-rebate-on-home-loan-if-i-have-multiple-properties-1521
Tax deduction on the principal amount of the loan, under Section 80C is available for any number of houses]]>2017-04-23What are the conditions to get a critical illness insurance cover?http://images.outlookmoney.com/ask/what-are-the-conditions-to-get-a-critical-illness-insurance-cover-1522
Critical illness policy is available for the specific critical illnesses named under the policy]]>2017-04-24What are the expenses to keep in mind while applying for a personal loan?http://images.outlookmoney.com/ask/what-are-the-expenses-to-keep-in-mind-while-applying-for-a-personal-loan-1523
Before applying for a loan from a particular bank, do compare interest rates and other charges with other banks]]>2017-04-24Where should I invest to earn 5-7 per cent interest per month?http://images.outlookmoney.com/ask/where-should-i-invest-to-earn-5-7-per-cent-interest-per-month-1530
As for the monthly 5-7 per cent returns that you are looking for, it amounts to 60-70 per cent gains annually]]>2017-04-25What will happen to my car insurance if I get my car re-registered?http://images.outlookmoney.com/ask/what-will-happen-to-my-car-insurance-if-i-get-my-car-re-registered-1531
Once you have changed the registration of your car, you should get the same endorsed in your existing policy]]>2017-04-25How much can I withdraw if I want my PPF account to run for the next 5 years?http://images.outlookmoney.com/ask/how-much-can-i-withdraw-if-i-want-my-ppf-account-to-run-for-the-next-5-years-1532
As per the PPF rules – you are permitted to make one withdrawal every year from the seventh financial year onwards]]>2017-04-25What is the procedure to prepay the car loan?http://images.outlookmoney.com/ask/what-is-the-procedure-to-prepay-the-car-loan-1544
You can prepay your car loan, but do check with your bank if there are any prepayment charges involved.]]>2017-04-29Is there any tax liability on the transfer of immovable property?http://images.outlookmoney.com/ask/is-there-any-tax-liability-on-the-transfer-of-immovable-property-1545
An immovable property transferred by a relative, including parents is not treated as taxable]]>2017-04-29Can I increase the cover of my insurance policy?http://images.outlookmoney.com/ask/can-i-increase-the-cover-of-my-insurance-policy-1546
The additional cover does not happen given the risk on your life goes up due to the increased age]]>2017-04-29On which grounds the cashless benefit under my health insurance can be declined?http://images.outlookmoney.com/ask/on-which-grounds-the-cashless-benefit-under-my-health-insurance-can-be-declined-1547
It purely depends on the arrangement of the insurer with a particular hospital]]>2017-04-29How can I gift my daughter units of a mutual fund I have invested in?http://images.outlookmoney.com/ask/how-can-i-gift-my-daughter-units-of-a-mutual-fund-i-have-invested-in-1549
You can redeem your investments in this fund and then transfer the proceeds to your daughter’s bank account]]>2017-04-30Can I get a duplicate copy of my insurance policy that I've lost?http://images.outlookmoney.com/ask/can-i-get-a-duplicate-copy-of-my-insurance-policy-that-ive-lost-1550
You can apply for a duplicate copy in a prescribed form depending from which insurer you bought the policy]]>2017-04-30What is the best way to track the performance of mutual fund investment?http://images.outlookmoney.com/ask/what-is-the-best-way-to-track-the-performance-of-mutual-fund-investment-1551
It's better to invest in a mutual fund and track the performance intermittently]]>2017-04-30What if I discontinue life insurance policy during 'free look period'?http://images.outlookmoney.com/ask/what-if-i-discontinue-life-insurance-policy-during-free-look-period-1552
During 'free look period', the proposer can terminate the policy and claim refund of the premium paid]]>2017-04-30How can I avoid making late credit card payments?http://images.outlookmoney.com/ask/how-can-i-avoid-making-late-credit-card-payments-1553
You can update on your email or even your mobile number for a mini statement of the credit card bill. ]]>2017-04-30Is profit from sale of house shown as capital gains?http://images.outlookmoney.com/ask/is-profit-from-sale-of-house-shown-as-capital-gains-1554
Profit from sale of house property is taxable under the head of capital gains]]>2017-05-01Is this a good time to invest in gold?http://images.outlookmoney.com/ask/is-this-a-good-time-to-invest-in-gold-1555
Investing in gold funds would work well if you invest it regularly through an SIP]]>2017-05-01Should I extend period of my PPF to another five years?http://images.outlookmoney.com/ask/should-i-extend-period-of-my-ppf-to-another-five-years-1556
You need to ask yourself if you wish to continue putting money into a scheme in which the returns are on a decline]]>2017-05-01Are public sector banks lenient about EMI defaults than private banks?http://images.outlookmoney.com/ask/are-public-sector-banks-lenient-about-emi-defaults-than-private-banks-1559
When compared public sector banks may be less aggressive, but that should not be assumed as being lenient]]>2017-05-02I am receiving statements of credit card I did not apply for. What should I do?http://images.outlookmoney.com/ask/i-am-receiving-statements-of-credit-card-i-did-not-apply-for-what-should-i-do-1560
You should cut the card and then send the same to the bank with a letter stating that you did not need it]]>2017-05-02Can I buy life insurance if suffering from high blood pressure?http://images.outlookmoney.com/ask/can-i-buy-life-insurance-if-suffering-from-high-blood-pressure-1561
Similar to health insurance, life insurers may decline you a cover because of your poor health]]>2017-05-02I am 29, which term plan policy should I buy?http://images.outlookmoney.com/ask/i-am-29-which-term-plan-policy-should-i-buy-1562
The premium on any life insurance policy is based on the quantum of risk cover and your age]]>2017-05-03How much should I invest in the plan to create a retirement corpus?http://images.outlookmoney.com/ask/how-much-should-i-invest-in-the-plan-to-create-a-retirement-corpus-1570
Considering increasing longevity and rising cost of living; you will need to save as much as you can]]>2017-05-04How can a third party make a claim for an accident?http://images.outlookmoney.com/ask/how-can-a-third-party-make-a-claim-for-an-accident-1569
According to the IRDAI, when filing a claim as a third party, it is important to identify the offending vehicle]]>2017-05-03Should I continue investing in postal RD or close the deposit?http://images.outlookmoney.com/ask/should-i-continue-investing-in-postal-rd-or-close-the-deposit-1575
It appears that your parents wish to make regular savings, take fewer risks and prefer a fixed return investment]]>2017-05-05Should I take a critical illness policy?http://images.outlookmoney.com/ask/should-i-take-a-critical-illness-policy-1576
If you have any history of critical illness in your home, you should consider critical illness policy definitely]]>2017-05-05My pension comes to my account in Patna. Can it be transferred to another bank?http://images.outlookmoney.com/ask/my-pension-comes-to-my-account-in-patna-can-it-be-transferred-to-another-bank-1579
Yes, it is possible for you to receive the pension in a city different from the one where you retired]]>2017-05-07What is the importance of a signature on the printed slips?http://images.outlookmoney.com/ask/what-is-the-importance-of-a-signature-on-the-printed-slips-1580
Your signature is the only trail that is available with you in case of any discrepancy]]>2017-05-07Should I include my washing machine in my householder’s policy?http://images.outlookmoney.com/ask/should-i-include-my-washing-machine-in-my-householders-policy-1581
If the machine is under an annual maintenance contract warranty, one can get a considerable discount in the premium]]>2017-05-07I have received a cheque of $1,000. How can I get this money?http://images.outlookmoney.com/ask/i-have-received-a-cheque-of-1000-how-can-i-get-this-money-1582
You can deposit the cheque in your savings bank account, which will get credited to your account once it is cleared ]]>2017-05-07What sum will I get if I surrender my endowment policy?http://images.outlookmoney.com/ask/what-sum-will-i-get-if-i-surrender-my-endowment-policy-1583
One should consider avoiding surrendering a policy, because the surrender value would always be proportionately low]]>2017-05-07What is the cheapest option for a life insurance?http://images.outlookmoney.com/ask/what-is-the-cheapest-option-for-a-life-insurance-1585
If securing the liability is the main consideration, you should go for a term insurance plan]]>2017-05-06Can I claim tax break if borrowing from a relative?http://images.outlookmoney.com/ask/can-i-claim-tax-break-if-borrowing-from-a-relative-1586
You can take a loan from your relatives for your dream home and you will be eligible for tax deduction]]>2017-05-06Who will get the settlement from the insurer in case of an untraceable car?http://images.outlookmoney.com/ask/who-will-get-the-settlement-from-the-insurer-in-case-of-an-untraceable-car-1587
The interest of the lender in the claim amount is limited up to the outstanding balance of the loan amount]]>2017-05-06Suggest a SIP for tax saving.http://images.outlookmoney.com/ask/suggest-a-sip-for-tax-saving-1588
ELSS are mutual funds in which you can invest to save tax under Section 80C of the income tax]]>2017-05-06Suggest a mutual fund for investment through SIP.http://images.outlookmoney.com/ask/suggest-a-mutual-fund-for-investment-through-sip-1589
When investing in mutual funds, consider investment time frame, risk and the sum that you can invest every month]]>2017-05-06Do the legal heir need nominee’s approval to sell the investments?http://images.outlookmoney.com/ask/do-the-legal-heir-need-nominees-approval-to-sell-the-investments-1590
Nomination is simply the right to receive whereas a Will decides who eventually will own the asset]]>2017-05-08Do life insurers have a terror cover option too?http://images.outlookmoney.com/ask/do-life-insurers-have-a-terror-cover-option-too-1591
It is better to go for a comprehensive life insurance which provides cover against all kinds of unforeseen mishap ]]>2017-05-08How can I plan for my a year old daughter's college education?http://images.outlookmoney.com/ask/how-can-i-plan-for-my-a-year-old-daughters-college-education-1592
Do not forget to factor inflation when planning long-term goals like retirement or education of children]]>2017-05-08My signature is not matching with AMC records. What should I do to get my money?http://images.outlookmoney.com/ask/my-signature-is-not-matching-with-amc-records-what-should-i-do-to-get-my-money-1593
Signature mismatch is a common occurrence, which is why several AMCs have a separate signature attestation form]]>2017-05-08What is a mortgage redemption policy?http://images.outlookmoney.com/ask/what-is-a-mortgage-redemption-policy-1594
The policy works in such a way that the insurance cover matches the outstanding loan at any given time]]>2017-05-09Are money back schemes of life insurance companies better than fixed deposits?http://images.outlookmoney.com/ask/are-money-back-schemes-of-life-insurance-companies-better-than-fixed-deposits-1927
It is unfair and unwise to compare these two contrasting financial instruments]]>2017-07-11I want to save money for my children's education. How should I go forward?http://images.outlookmoney.com/ask/i-want-to-save-money-for-my-childrens-education-how-should-i-go-forward-1596
The child insurance plan is the best way to save for the long-term needs of children]]>2017-05-09Should I put my money into PPF or mutual funds?http://images.outlookmoney.com/ask/should-i-put-my-money-into-ppf-or-mutual-funds-1597
The difference between PPF and mutual fund is that PPF guarantees returns, something mutual funds do not & cannot]]>2017-05-09Is my fund selection in line with my goal?http://images.outlookmoney.com/ask/is-my-fund-selection-in-line-with-my-goal-1598
Make sure you review the performance of the fund that you invest in periodically to make sure that you are on track]]>2017-05-10Is there any online provision for making a Will?http://images.outlookmoney.com/ask/is-there-any-online-provision-for-making-a-will-1599
You can draw up a Will online without consulting a lawyer as long as your estate is not vast or complicated]]>2017-05-09What will be the tax implications if I invest Rs 1 lakh?http://images.outlookmoney.com/ask/what-will-be-the-tax-implications-if-i-invest-rs-1-lakh-1600
Any sum exceeding Rs 50,000 received during the financial year without consideration, is taxed]]>2017-05-10Why haven’t I received the insurance premium notice from the insurer?http://images.outlookmoney.com/ask/why-havent-i-received-the-insurance-premium-notice-from-the-insurer-1603
Do not wait for the reminder notice to come from the insurer, be proactive in maintaining a reminder log]]>2017-05-10If I gift shares to my son, will it attract any tax?http://images.outlookmoney.com/ask/if-i-gift-shares-to-my-son-will-it-attract-any-tax-1604
As your son is over 18 years old, there will be no clubbing provision applicable]]>2017-05-10Can deteriorating health be a reason to re-load the premium of life policy?http://images.outlookmoney.com/ask/can-deteriorating-health-be-a-reason-to-re-load-the-premium-of-life-policy-1605
Life insurance policies are long-term contracts and the insurer cannot change the terms & conditions unilaterally]]>2017-05-10How can I have a bank executive on a call directly?http://images.outlookmoney.com/ask/how-can-i-have-a-bank-executive-on-a-call-directly-1606
IVRS is faster when dealing with account-related queries & works with an automated link to the bank’s CRM system]]>2017-05-11How is the cost of acquisition decided to calculate capital gains?http://images.outlookmoney.com/ask/how-is-the-cost-of-acquisition-decided-to-calculate-capital-gains-1607
The cost of acquisition of such additional units would be the amount of the re-invested dividend]]>2017-05-13What should I do as I have not received my ATM card yet?http://images.outlookmoney.com/ask/what-should-i-do-as-i-have-not-received-my-atm-card-yet-1614
Do visit the bank branch immediately and contact the person who helped you open the account]]>2017-05-14Is there any motor insurance for vintage cars?http://images.outlookmoney.com/ask/is-there-any-motor-insurance-for-vintage-cars-1615
For a car to be categorised as vintage, it needs to be manufactured before December 31, 1940]]>2017-05-14How much money can I withdraw from my PF account?http://images.outlookmoney.com/ask/how-much-money-can-i-withdraw-from-my-pf-account-1619
Under the EPFO Act, 1952, you can withdraw your PF balance only if you are not employed with another employer]]>2017-05-14Is there any provision to penalise the agent who does not collect the premium?http://images.outlookmoney.com/ask/is-there-any-provision-to-penalise-the-agent-who-does-not-collect-the-premium-1620
You could consider complaining to the insurer and seek a change in the agent who will manage your policy in future]]>2017-05-14Does my mother, a senior citizen needs to file tax returns?http://images.outlookmoney.com/ask/does-my-mother-a-senior-citizen-needs-to-file-tax-returns-1621
As the interest that she is earning from her bank deposits exceeds Rs 10,000, they may be deducting TDS on the same]]>2017-05-14I wish to take a sabbatical from work for two years. How should I go forward?http://images.outlookmoney.com/ask/i-wish-to-take-a-sabbatical-from-work-for-two-years-how-should-i-go-forward-1622
First, collate your financial statements to know, how much the household earns and spends each month]]>2017-05-12Can a co-borrower of the property loan also become the owner of the property?http://images.outlookmoney.com/ask/can-a-co-borrower-of-the-property-loan-also-become-the-owner-of-the-property-1624
If the plot is owned by you, any structure built on it automatically belongs to you]]>2017-05-13How can I track the fund’s performance offline?http://images.outlookmoney.com/ask/how-can-i-track-the-funds-performance-offline-1625
Investing can be done both offline and online and the choice is yours]]>2017-05-13How can I calculate the amount of life insurance that I need?http://images.outlookmoney.com/ask/how-can-i-calculate-the-amount-of-life-insurance-that-i-need-1651
The simplest method is ‘Income Replacement’ method, which is based on your current annual income]]>2017-05-18What shares and mutual funds should I invest now to build Rs 10 lakhs?http://images.outlookmoney.com/ask/what-shares-and-mutual-funds-should-i-invest-now-to-build-rs-10-lakhs-1652
Start investing regularly through SIPs which will help you benefit from the power of compounding & cost averaging]]>2017-05-18I have earned savings bank interest. Is all of it taxable?http://images.outlookmoney.com/ask/i-have-earned-savings-bank-interest-is-all-of-it-taxable-1653
The interest earned from savings bank is taxable under the head ‘Income from Other Sources’]]>2017-05-18Should I continue investing in Reliance Media and Entertainment fund?http://images.outlookmoney.com/ask/should-i-continue-investing-in-reliance-media-and-entertainment-fund-1654
This is a thematic fund that invests in stocks of companies engaged in the media and entertainment business]]>2017-05-19How much can I accumulate by investing in HDFC Equity and SBI Magnum Equity?http://images.outlookmoney.com/ask/how-much-can-i-accumulate-by-investing-in-hdfc-equity-and-sbi-magnum-equity-1655
Your investments can vary because mutual fund investments do not work on guaranteed returns]]>2017-05-19Unshakeablehttp://images.outlookmoney.com/ask/unshakeable-1657
Your Guide to Financial Freedom]]>2017-05-18Do I need to file my tax returns if I am 82 years old?http://images.outlookmoney.com/ask/do-i-need-to-file-my-tax-returns-if-i-am-82-years-old-1660
There is no harm in filing returns if you have been doing so for all these years]]>2017-05-20Can Ulips give guaranteed returns?http://images.outlookmoney.com/ask/can-ulips-give-guaranteed-returns-1661
Your risk appetite is an important criterion for the choice]]>2017-05-20Can I add my brother's belongings under my home insurance cover?http://images.outlookmoney.com/ask/can-i-add-my-brothers-belongings-under-my-home-insurance-cover-1663
There is a possibility that the insurer would ask your brother to insure these items directly or pay for them]]>2017-05-20Can I pay my mother and claim the sum under the HRA?http://images.outlookmoney.com/ask/can-i-pay-my-mother-and-claim-the-sum-under-the-hra-1664
To be on the safer side to avail HRA from your employer, ensure that there is a proper documentation]]>2017-05-20Can I claim my daughter's admission fee under Section 80C?http://images.outlookmoney.com/ask/can-i-claim-my-daughters-admission-fee-under-section-80c-1665
The Section only allows for deduction of monthly tuition fees paid to school, college or any recognised university]]>2017-05-21Do I need to show the cash gifts received by me in my tax returns?http://images.outlookmoney.com/ask/do-i-need-to-show-the-cash-gifts-received-by-me-in-my-tax-returns-1667
Any sum exceeding Rs 50,000 received by an individual during a financial year is taxed as income from other sources]]>2017-05-22Should I take a child policy for my son who turned three few weeks ago?http://images.outlookmoney.com/ask/should-i-take-a-child-policy-for-my-son-who-turned-three-few-weeks-ago-1668
The purpose of buying a children’s policy is to save for your son’s future financial needs]]>2017-05-21Do I have to declare the money withdrawn from my PF in my total income?http://images.outlookmoney.com/ask/do-i-have-to-declare-the-money-withdrawn-from-my-pf-in-my-total-income-1669
Tax implications from PF come into play if the withdrawal is within five years of continuous employment]]>2017-05-21Should I go for critical rider with a life insurance policy?http://images.outlookmoney.com/ask/should-i-go-for-critical-rider-with-a-life-insurance-policy-1670
The critical illness rider attached with a life insurance provides coverage in the event of a critical illness]]>2017-05-21How can I claim deduction against municipal tax on a rented flat?http://images.outlookmoney.com/ask/how-can-i-claim-deduction-against-municipal-tax-on-a-rented-flat-1671
You should mention the paid tax when filing returns and claim the tax deduction against the paid municipal taxes]]>2017-05-21Which of these two is better - DSPBR Tax Saver or Franklin India Taxshield?http://images.outlookmoney.com/ask/which-of-these-two-is-better-dspbr-tax-saver-or-franklin-india-taxshield-1682
Both the funds have a good track record and performance history over different market cycles]]>2017-05-24How do claims get settled under a family floater policy?http://images.outlookmoney.com/ask/how-do-claims-get-settled-under-a-family-floater-policy-1683
The insurers either pay directly to the insured or pay to the hospital or nursing home through a TPA. ]]>2017-05-23I want life insurance for a period of 10 years. What is the best option?http://images.outlookmoney.com/ask/i-want-life-insurance-for-a-period-of-10-years-what-is-the-best-option-1684
If insurance is the main consideration, you should go for a term cover]]>2017-05-23Can I, an NRI repatriate periodic returns & maturity benefits from my policy?http://images.outlookmoney.com/ask/can-i-an-nri-repatriate-periodic-returns-maturity-benefits-from-my-policy-1692
The periodic payments or the amount received on maturity of policies is not repatriable]]>2017-05-24I am suffering from a blood pressure problem. Can I buy a life insurance policy?http://images.outlookmoney.com/ask/i-am-suffering-from-a-blood-pressure-problem-can-i-buy-a-life-insurance-policy-1693
Depending on your medical reports, the insurers may issue a cover that may be subject to special terms & conditions]]>2017-05-24I have lost my chequebooks. How can I get a fresh set of chequebooks issued?http://images.outlookmoney.com/ask/i-have-lost-my-chequebooks-how-can-i-get-a-fresh-set-of-chequebooks-issued-1694
The bank will typically take a week from the date you request them to send you a fresh chequebook]]>2017-05-25Is the tax benefit of paying premium of a health plan available for my in-laws?http://images.outlookmoney.com/ask/is-the-tax-benefit-of-paying-premium-of-a-health-plan-available-for-my-in-laws-1695
The benefit is not available for health premium payment for in-laws]]>2017-05-25I have invested in my wife’s PPF account. Can I claim tax benefits?http://images.outlookmoney.com/ask/i-have-invested-in-my-wifes-ppf-account-can-i-claim-tax-benefits-1696
You can claim deduction from total income in respect of contributions to any PPF belonging to self, spouse or child]]>2017-05-25I want to invest in HDFC Mid-Cap opportunities. Is it a good choice?http://images.outlookmoney.com/ask/i-want-to-invest-in-hdfc-mid-cap-opportunities-is-it-a-good-choice-1697
The choice of HDFC Mid-Cap Opportunities is good and the fund features in the OLM Elite list too]]>2017-05-26What factors should one keep in mind while choosing a bank for senior citizens?http://images.outlookmoney.com/ask/what-factors-should-one-keep-in-mind-while-choosing-a-bank-for-senior-citizens-1698
There are certain facilities that banks offer to senior citizens]]>2017-05-28What is the difference between diversified equity scheme and ELSS?http://images.outlookmoney.com/ask/what-is-the-difference-between-diversified-equity-scheme-and-elss-1699
Both, diversified equity schemes and ELSS are equity schemes]]>2017-05-28I have paid my insurance premium during grace period. Will it affect risk cover?http://images.outlookmoney.com/ask/i-have-paid-my-insurance-premium-during-grace-period-will-it-affect-risk-cover-1700
During the grace period, the policy remains in full force, even if the due premium is not paid.]]>2017-05-28Which policy will best suit the employees of housing society?http://images.outlookmoney.com/ask/which-policy-will-best-suit-the-employees-of-housing-society-1701
As employers, you should cover them under a Workmen’s Compensation (WC) policy.]]>2017-05-28I am servicing a home loan. Can I take an education loan against same property?http://images.outlookmoney.com/ask/i-am-servicing-a-home-loan-can-i-take-an-education-loan-against-same-property-1702
If your existing home loan is from a public sector bank, you can approach them for this loan also.]]>2017-05-28Which policy should I take to insure my domestic appliances against breakdown?http://images.outlookmoney.com/ask/which-policy-should-i-take-to-insure-my-domestic-appliances-against-breakdown-1704
The breakdown of domestic appliances is covered under the householder’s insurance policy.]]>2017-05-26What is the need for a pension plan when fixed deposits can also get returns?http://images.outlookmoney.com/ask/what-is-the-need-for-a-pension-plan-when-fixed-deposits-can-also-get-returns-1705
Pension plans lead to long-term wealth creation and encourage dedicated saving for the retirement years]]>2017-05-26Is there any insurance policy to cover loss due to cancellation of vacation?http://images.outlookmoney.com/ask/is-there-any-insurance-policy-to-cover-loss-due-to-cancellation-of-vacation-1709
Some insurers offer ‘cancellation of vacation’ cover as part of the home insurance policy.]]>2017-05-27Is there any age limit for taking a health insurance policy?http://images.outlookmoney.com/ask/is-there-any-age-limit-for-taking-a-health-insurance-policy-1710
Medical insurance is available to persons between age of 5 and 80 years]]>2017-05-27Can my travel insurance be extended while travelling abroad?http://images.outlookmoney.com/ask/can-my-travel-insurance-be-extended-while-travelling-abroad-1711
You can extend your travel insurance policy online from anywhere in the world]]>2017-05-27After investing in HSBC Fund for 13 years, should I stay invested or exit?http://images.outlookmoney.com/ask/after-investing-in-hsbc-fund-for-13-years-should-i-stay-invested-or-exit-1712
The decision to exit your investment in this fund should be based on your investment objective]]>2017-05-29Do health policies only cover treatment undergone in a hospital?http://images.outlookmoney.com/ask/do-health-policies-only-cover-treatment-undergone-in-a-hospital-1713
The very purpose of a health policy is to cover treatment in a hospital or a nursing home.]]>2017-05-29I need a personal accident cover. Can you suggest me some good policies?http://images.outlookmoney.com/ask/i-need-a-personal-accident-cover-can-you-suggest-me-some-good-policies-1714
As you want cover for self and wife you can take a family package cover ]]>2017-05-29I have missed out on my insurance premium. Can the payment be made now?http://images.outlookmoney.com/ask/i-have-missed-out-on-my-insurance-premium-can-the-payment-be-made-now-1715
If the time elapsed falls within the grace period, then you can make the payment now]]>2017-05-29My father wants to gift me land. Can I ask him to do so jointly with my husband?http://images.outlookmoney.com/ask/my-father-wants-to-gift-me-land-can-i-ask-him-to-do-so-jointly-with-my-husband-1717
Make sure that a proper gift deed is prepared and registered.]]>2017-05-29How many chequebooks can a bank issue at a time?http://images.outlookmoney.com/ask/how-many-chequebooks-can-a-bank-issue-at-a-time-1718
The bank is only obliged, under the law, to enable costless withdrawal of money kept in a savings account.]]>2017-05-30What’s the best way to create an education corpus?http://images.outlookmoney.com/ask/whats-the-best-way-to-create-an-education-corpus-1729
The sum that you invest today should beat inflation and grow at a pace faster than inflation]]>2017-06-02Can life insurance policies be attached for income tax recoveries?http://images.outlookmoney.com/ask/can-life-insurance-policies-be-attached-for-income-tax-recoveries-1730
Your concern is palpable, especially when loans and debt are common these days]]>2017-06-02The post office RD has quarterly compounding. How is it calculated?http://images.outlookmoney.com/ask/the-post-office-rd-has-quarterly-compounding-how-is-it-calculated-1731
The calculation of RD returns is same as that for compound interest]]>2017-06-02Should I invest in a fund with a low NAV or high NAV?http://images.outlookmoney.com/ask/should-i-invest-in-a-fund-with-a-low-nav-or-high-nav-1733
The absolute value of the NAV of a fund should not be the driving criteria for you to invest]]>2017-06-03When buying a policy, should I speak to a broker or an agent?http://images.outlookmoney.com/ask/when-buying-a-policy-should-i-speak-to-a-broker-or-an-agent-1734
The basic difference is that while an agent represents the insurance company, the broker represents the insured]]>2017-06-03I am 41, how much I should insure for?http://images.outlookmoney.com/ask/i-am-41-how-much-i-should-insure-for-1735
Best way to determine the amount is to imagine the financial needs of your dependants when you are no longer around]]>2017-06-03Is investment in SBI Bluechip & Birla Sun Life Frontline Equity a right choice?http://images.outlookmoney.com/ask/is-investment-in-sbi-bluechip-birla-sun-life-frontline-equity-a-right-choice-1736
Both the funds that you are investing in have a proven track record and performance history]]>2017-06-03Can I claim from multiple health insurance policies simultaneously?http://images.outlookmoney.com/ask/can-i-claim-from-multiple-health-insurance-policies-simultaneously-1737
In the event of a claim all policies contribute to the loss in proportion to the sum insured]]>2017-06-04Can I use my life insurance policy as a collateral security for loan liability?http://images.outlookmoney.com/ask/can-i-use-my-life-insurance-policy-as-a-collateral-security-for-loan-liability-1738
Yes, life insurance policy can be used as collateral]]>2017-06-04I want to know the scope of professional indemnity policy for a CA.http://images.outlookmoney.com/ask/i-want-to-know-the-scope-of-professional-indemnity-policy-for-a-ca-1739
Professional indemnity policies for chartered accountants basically cover the legal liability]]>2017-06-04Is there a single floater policy for my parents and in-laws?http://images.outlookmoney.com/ask/is-there-a-single-floater-policy-for-my-parents-and-in-laws-1740
Take separate senior citizen health plans for them than clubbing them under a single health floater policy]]>2017-06-04Can I increase medical policy cover for my mother who is 75 years old?http://images.outlookmoney.com/ask/can-i-increase-medical-policy-cover-for-my-mother-who-is-75-years-old-1741
Consider a top-up policy, which could be used to increase the health risk with an additional cost]]>2017-06-04How helpful is CAS?http://images.outlookmoney.com/ask/how-helpful-is-cas-1742
The biggest advantage of CAS is single window view of your investments]]>2017-06-05Should I continue with 50 per cent equity Mutual funds and 50 per cent debt?http://images.outlookmoney.com/ask/should-i-continue-with-50-per-cent-equity-mutual-funds-and-50-per-cent-debt-1744
Going by your long-term investment philosophy, the equity allocation has to be positioned for growth]]>2017-06-05Can I get a life insurance policy and health insurance policy if I am diabetic?http://images.outlookmoney.com/ask/can-i-get-a-life-insurance-policy-and-health-insurance-policy-if-i-am-diabetic-1745
When applying for a life insurance policy, do state that you are diabetic in the proposal form]]>2017-06-05Isn’t the surveyor’s recommendation binding on the insurer?http://images.outlookmoney.com/ask/isnt-the-surveyors-recommendation-binding-on-the-insurer-1746
The surveyor’s recommendation is not binding on the insurer]]>2017-06-05How many funds should one invest in for the right amount of diversification?http://images.outlookmoney.com/ask/how-many-funds-should-one-invest-in-for-the-right-amount-of-diversification-1747
The diversification can be across assets—cash, equity, gold, real estate and bonds or within these asset classes]]>2017-06-06How much time do insurers take to settle a death claim?http://images.outlookmoney.com/ask/how-much-time-do-insurers-take-to-settle-a-death-claim-1752
As per an IRDA regulation, the insurer is required to settle a claim within 30 days of receipt of all the documents]]>2017-06-07How do I tell if a mutual fund is overpriced or underpriced?http://images.outlookmoney.com/ask/how-do-i-tell-if-a-mutual-fund-is-overpriced-or-underpriced-1753
You should look for a fund which is good based on your investment needs and your risk profile]]>2017-06-07Can life insurers raise the premium after the policy is purchased?http://images.outlookmoney.com/ask/can-life-insurers-raise-the-premium-after-the-policy-is-purchased-1754
The amount you pay can go up because of taxes, notably service tax on insurance companies]]>2017-06-07I plan to move my car by train. Do I need to buy insurance cover for this?http://images.outlookmoney.com/ask/i-plan-to-move-my-car-by-train-do-i-need-to-buy-insurance-cover-for-this-1756
Insurance cover for transporting your car which already has a comprehensive motor insurance is not needed]]>2017-06-07Will interest rates in post office schemes go up?http://images.outlookmoney.com/ask/will-interest-rates-in-post-office-schemes-go-up-1757
If you are solely dependent on interest earnings from such schemes, brace up for tough times]]>2017-06-07I hold NSCs worth about a lakh. Can I take a car loan against them?http://images.outlookmoney.com/ask/i-hold-nscs-worth-about-a-lakh-can-i-take-a-car-loan-against-them-1758
You will have to offer the NSCs as collateral for the loan]]>2017-06-08What does the television insurance policy cover?http://images.outlookmoney.com/ask/what-does-the-television-insurance-policy-cover-1762
This protects coverage for loss or damage of your TV from threats and damages, inclusive of accidental damage]]>2017-06-08My credit card was stolen and used heavily for shopping. What should I do?http://images.outlookmoney.com/ask/my-credit-card-was-stolen-and-used-heavily-for-shopping-what-should-i-do-1764
The terms of the credit card require that you report a theft immediately and deactivate the card]]>2017-06-08I am new to share markets. Suggest me top companies where I should invest.http://images.outlookmoney.com/ask/i-am-new-to-share-markets-suggest-me-top-companies-where-i-should-invest-1765
As a first time investor, it would be in your interest to take the mutual fund route to invest]]>2017-06-09I am 28 and in good health. Should I still take a health insurance policy?http://images.outlookmoney.com/ask/i-am-28-and-in-good-health-should-i-still-take-a-health-insurance-policy-1766
Do not wait for something to happen you health wise before thinking of a health policy]]>2017-06-09I book profits in shares in rising market, should I do the same in equity fund?http://images.outlookmoney.com/ask/i-book-profits-in-shares-in-rising-market-should-i-do-the-same-in-equity-fund-1767
When investing in mutual funds, keep a time frame in mind and invest with a goal or sum ]]>2017-06-09Is the LTA exemption available every year?http://images.outlookmoney.com/ask/is-the-lta-exemption-available-every-year-1771
The tax rules provide for an exemption only in respect of two journeys undertaken in a block of four calendar years]]>2017-06-11Can I get claim bonus on renewing my car insurance from a new insurer?http://images.outlookmoney.com/ask/can-i-get-claim-bonus-on-renewing-my-car-insurance-from-a-new-insurer-1772
No claim bonus is given to the policyholders by the insurers as a reward for not making a claim under the policy]]>2017-06-11Can I use my life insurance policy as a tool to secure loans?http://images.outlookmoney.com/ask/can-i-use-my-life-insurance-policy-as-a-tool-to-secure-loans-1773
The use of a life insurance policy to secure loans is very common in the present scenario]]>2017-06-11What documents should I keep handy at the time of filing taxes?http://images.outlookmoney.com/ask/what-documents-should-i-keep-handy-at-the-time-of-filing-taxes-1774
Depending on the kind of taxpayer you are, the documentation and process may vary]]>2017-06-11Can the insurer cancel the policy if insured has made any incorrect statement?http://images.outlookmoney.com/ask/can-the-insurer-cancel-the-policy-if-insured-has-made-any-incorrect-statement-1775
If an insurer finds that the insured has made any incorrect statement, then the policy contract gets cancelled]]>2017-06-11I feel the need to better plan my taxes for this year. What should I do?http://images.outlookmoney.com/ask/i-feel-the-need-to-better-plan-my-taxes-for-this-year-what-should-i-do-1776
Tax-saving investments should be used to build wealth as well and not just to save tax]]>2017-06-10When does the coverage for risk commence in a life insurance policy?http://images.outlookmoney.com/ask/when-does-the-coverage-for-risk-commence-in-a-life-insurance-policy-1777
The coverage of risk commences from the date of acceptance of the policy or the date of receipt of first premium]]>2017-06-10I figured that I need to pay tax when I was filing returns. How can I pay this?http://images.outlookmoney.com/ask/i-figured-that-i-need-to-pay-tax-when-i-was-filing-returns-how-can-i-pay-this-1778
You can use several online options through a payment gateway for payment of taxes on the Income Tax website]]>2017-06-10How can I instil financial discipline in my college going son?http://images.outlookmoney.com/ask/how-can-i-instil-financial-discipline-in-my-college-going-son-1779
Ideally, you should introduce credit cards only after your children are comfortable with debit cards]]>2017-06-10How can I find the policy details of my deceased brother to file the claim?http://images.outlookmoney.com/ask/how-can-i-find-the-policy-details-of-my-deceased-brother-to-file-the-claim-1782
You could search for the policy documents and also speak to his accountant.]]>2017-06-12What does one get on maturity of a term policy?http://images.outlookmoney.com/ask/what-does-one-get-on-maturity-of-a-term-policy-1783
A basic term policy is one in which if the insured person survives the term, then he would not get anything]]>2017-06-13Can I partially withdraw money from my provident fund to purchase a house?http://images.outlookmoney.com/ask/can-i-partially-withdraw-money-from-my-provident-fund-to-purchase-a-house-1784
In recent months, EPFO has relaxed the rules to use PF to pay for home loan EMIs or to buy a house or land]]>2017-06-13Is this true that my wife cannot pay the premium of car insurance on my behalf?http://images.outlookmoney.com/ask/is-this-true-that-my-wife-cannot-pay-the-premium-of-car-insurance-on-my-behalf-1785
You have heard it right that insurers do not accept premiums from anyone other than the policyholder]]>2017-06-12Why do we need to factor inflation while planning for long-term financial goals?http://images.outlookmoney.com/ask/why-do-we-need-to-factor-inflation-while-planning-for-long-term-financial-goals-1786
You need to be careful to include inflation when investing towards long-term goals]]>2017-06-15How can I make my wife the nominee in my life insurance policy?http://images.outlookmoney.com/ask/how-can-i-make-my-wife-the-nominee-in-my-life-insurance-policy-1806
Nomination basically identifies the person who will receive the policy money if the policyholder dies]]>2017-06-18How can I accumulate Rs 20 lakh for my child’s education in 7 years?http://images.outlookmoney.com/ask/how-can-i-accumulate-rs-20-lakh-for-my-childs-education-in-7-years-1830
It is a good start to have clear financial goals to invest appropriately in them]]>2017-06-21How long should one remain invested in an SIP?http://images.outlookmoney.com/ask/how-long-should-one-remain-invested-in-an-sip-1807
An SIP enables the investor to continue to invest without seeking to time the market]]>2017-06-18What are ‘with profit’ and ‘without profit’ insurance plans?http://images.outlookmoney.com/ask/what-are-with-profit-and-without-profit-insurance-plans-1808
Policies that participate in the profit of an insurance company are called ‘with profit’ policies]]>2017-06-18Please guide me with investments as I am planning to go for higher education.http://images.outlookmoney.com/ask/please-guide-me-with-investments-as-i-am-planning-to-go-for-higher-education-1809
We suggest you invest in a tax saving fund from the Beginner category of OLM Elite]]>2017-06-18What does a professional indemnity policy for lawyers include?http://images.outlookmoney.com/ask/what-does-a-professional-indemnity-policy-for-lawyers-include-1810
The sum insured under the policy is referred to as the limit of liability in a professional indemnity policy]]>2017-06-18I want to invest in gold; please suggest which fund to invest in?http://images.outlookmoney.com/ask/i-want-to-invest-in-gold-please-suggest-which-fund-to-invest-in-1811
You can consider investing in a gold ETF for which you will need a demat account]]>2017-06-17Should I wait for the poor performing funds to get better?http://images.outlookmoney.com/ask/should-i-wait-for-the-poor-performing-funds-to-get-better-1812
Timing the exit from a fund that is losing on performance is important to cut your losses]]>2017-06-17Is it safe to access banking details through the Internet or mobile?http://images.outlookmoney.com/ask/is-it-safe-to-access-banking-details-through-the-internet-or-mobile-1813
Given the technological advances, it is possible to safely access bank accounts through the mobile and Internet]]>2017-06-17I plan to get my car fitted with a CNG kit, should I share this with my insurer?http://images.outlookmoney.com/ask/i-plan-to-get-my-car-fitted-with-a-cng-kit-should-i-share-this-with-my-insurer-1815
It is necessary to mention the existence of CNG kit while getting the insurance of your car]]>2017-06-19Should I invest or repay my loan if I have spare money?http://images.outlookmoney.com/ask/should-i-invest-or-repay-my-loan-if-i-have-spare-money-1816
There is a tax benefit that you can claim under Section 80E when repaying the education loan]]>2017-06-19How can I use my assets to tide over the financial implications of treatment?http://images.outlookmoney.com/ask/how-can-i-use-my-assets-to-tide-over-the-financial-implications-of-treatment-1819
The sale of real estate will no doubt create the much needed financial cushion]]>2017-06-19Will I get back any amount if I surrender my money-back policy?http://images.outlookmoney.com/ask/will-i-get-back-any-amount-if-i-surrender-my-money-back-policy-1820
Approach your insurer to understand the state of the policy and what is it that you will get if you surrender now]]>2017-06-20How I can achieve Rs 12 lakh as savings after four years for my marriage?http://images.outlookmoney.com/ask/how-i-can-achieve-rs-12-lakh-as-savings-after-four-years-for-my-marriage-1822
Being a first time investor, you could consider investing in funds from the OLM Elite list ]]>2017-06-20Why funds in the same investor profile of OLM Elite have different benchmarks?http://images.outlookmoney.com/ask/why-funds-in-the-same-investor-profile-of-olm-elite-have-different-benchmarks-1823
Every fund has a benchmark index, which is passive against which the fund performance can be gauged]]>2017-06-20Will the insurer cover the damages if the owner himself was not driving the car?http://images.outlookmoney.com/ask/will-the-insurer-cover-the-damages-if-the-owner-himself-was-not-driving-the-car-1824
The procedure would be similar to how you would raise a claim if you had met with an accident]]>2017-06-20What is Form 15H and when will one need it?http://images.outlookmoney.com/ask/what-is-form-15h-and-when-will-one-need-it-1825
Form 15H is needed to be submitted to make sure TDS is not deducted if you meet certain stipulated conditions]]>2017-06-21Do I need to state the withdrawal from my PF in my tax returns?http://images.outlookmoney.com/ask/do-i-need-to-state-the-withdrawal-from-my-pf-in-my-tax-returns-1826
The EPFO deducts TDS only if a member has less than five years of continuous service]]>2017-06-21How much cover should I take for my house which is mortgaged with a bank?http://images.outlookmoney.com/ask/how-much-cover-should-i-take-for-my-house-which-is-mortgaged-with-a-bank-1832
The sum insured for a building should be equal to the reinstatement cost of the building]]>2017-06-22I am 27 and earn Rs 25,000 a month. How much and where should I invest?http://images.outlookmoney.com/ask/i-am-27-and-earn-rs-25000-a-month-how-much-and-where-should-i-invest-1842
Ideally you should start investing in a balanced fund such as HDFC Balanced or SBI Magnum Balanced]]>2017-06-24Can a health insurance company deny cover to the insured when he is older?http://images.outlookmoney.com/ask/can-a-health-insurance-company-deny-cover-to-the-insured-when-he-is-older-1833
Once a policy is granted, usually, no insurer withdraws the policy unless there is a break in continuity]]>2017-06-22What should I do if I want to increase the insurance cover on my health policy?http://images.outlookmoney.com/ask/what-should-i-do-if-i-want-to-increase-the-insurance-cover-on-my-health-policy-1834
You can wait till the term of your present policy is over and renew the policy with enhanced sum insured]]>2017-06-22Do the insurers only pay for damages and not replacements under home insurance?http://images.outlookmoney.com/ask/do-the-insurers-only-pay-for-damages-and-not-replacements-under-home-insurance-1837
Your claim falls under the head of fire and allied perils, which is subject to a few exclusions]]>2017-06-23What should I do now if my three year lock-in with Axis Long Term is over?http://images.outlookmoney.com/ask/what-should-i-do-now-if-my-three-year-lock-in-with-axis-long-term-is-over-1839
If you are not in need of the money, you should stay invested in this fund for longer]]>2017-06-23Is it ideal to recover the repair cost from one who banged his car into mine?http://images.outlookmoney.com/ask/is-it-ideal-to-recover-the-repair-cost-from-one-who-banged-his-car-into-mine-1840
It would be ideal to recover the loss from the defaulting car owner]]>2017-06-23What is mortality charge and how is it calculated?http://images.outlookmoney.com/ask/what-is-mortality-charge-and-how-is-it-calculated-1843
In insurance parlance, mortality is calculated per thousand of sum at risk]]>2017-06-24There was a minor fire and insurer paid the claim. Will the policy pay further?http://images.outlookmoney.com/ask/there-was-a-minor-fire-and-insurer-paid-the-claim-will-the-policy-pay-further-1844
If there is a claim during the policy period the sum insured is reduced to the extent of the claim amount]]>2017-06-24Should I stay invested in plans for which I am not getting proper returns?http://images.outlookmoney.com/ask/should-i-stay-invested-in-plans-for-which-i-am-not-getting-proper-returns-1845
Evaluate the surrender value of the policy before you take the decision to continue or exit the policy]]>2017-06-24Is DSPBR Tax Saver the right fund to invest?http://images.outlookmoney.com/ask/is-dspbr-tax-saver-the-right-fund-to-invest-1846
DSPBR Tax Saver is an ELSS, in which investments have a three year lock-in to claim the tax savings]]>2017-06-25What is Shariah principle of investing?http://images.outlookmoney.com/ask/what-is-shariah-principle-of-investing-1847
Funds like Taurus Ethical, Tata Ethical and Reliance ETF Shariah BeES follow the Shariah principles]]>2017-06-25How is CAGR different from absolute returns?http://images.outlookmoney.com/ask/how-is-cagr-different-from-absolute-returns-1849
It is important to know about both these return types to understand the value of your investments]]>2017-06-25In what way are liquid funds superior to bank fixed deposits?http://images.outlookmoney.com/ask/in-what-way-are-liquid-funds-superior-to-bank-fixed-deposits-1850
Liquid funds score on two counts in comparison to bank fixed deposits—tax efficiency and higher liquidity]]>2017-06-25Is it true that an insurance surveyor’s report is confidential?http://images.outlookmoney.com/ask/is-it-true-that-an-insurance-surveyors-report-is-confidential-1851
The confidentiality of the surveyor's report depends on the nature of assignment]]>2017-06-25In case of the death of the policyholder, who is entitled to claim amount?http://images.outlookmoney.com/ask/in-case-of-the-death-of-the-policyholder-who-is-entitled-to-claim-amount-1852
Normally, the policyholder specifies a nominee at the time of buying the policy]]>2017-06-26What are the features of a whole-life plan?http://images.outlookmoney.com/ask/what-are-the-features-of-a-whole-life-plan-1853
Whole life plan is a type of insurance plan, which provides risk cover for the entire life of the assured]]>2017-06-26Is there any way for me to get a loan for the full value of a flat?http://images.outlookmoney.com/ask/is-there-any-way-for-me-to-get-a-loan-for-the-full-value-of-a-flat-1855
If you do not have enough money for the down payment, you will have to organise it on your own]]>2017-06-26What kind of life policy can I take for my daughter who is a classical dancer?http://images.outlookmoney.com/ask/what-kind-of-life-policy-can-i-take-for-my-daughter-who-is-a-classical-dancer-1856
You need to ask yourself if you would be fine to receive the policy proceeds from a policy on your daughter’s name]]>2017-06-27Should I consider taking a health insurance policy for Rs 5 lakh?http://images.outlookmoney.com/ask/should-i-consider-taking-a-health-insurance-policy-for-rs-5-lakh-1857
The benefits of health insurance can be best gauged when you actually experience a claim]]>2017-06-27How can I ensure that my grandson is the sole beneficiary of a policy?http://images.outlookmoney.com/ask/how-can-i-ensure-that-my-grandson-is-the-sole-beneficiary-of-a-policy-1859
You could consider setting up a trust, which will ensure that the money is available to him when he turns 18]]>2017-06-27Will the sum insured for the rest of the policy be reduced to Rs 32,000?http://images.outlookmoney.com/ask/will-the-sum-insured-for-the-rest-of-the-policy-be-reduced-to-rs-32000-1860
Once the claim is paid, the sum insured on the laptop automatically falls by the amount of claim paid]]>2017-06-27Why does my TDS deduction from my monthly emolument varies every month?http://images.outlookmoney.com/ask/why-does-my-tds-deduction-from-my-monthly-emolument-varies-every-month-1862
Your emoluments may be varying each month, which is why the absolute value of the TDS must be varying each month]]>2017-06-27What is the best instrument to invest Rs 5-8 lakh for up to six months?http://images.outlookmoney.com/ask/what-is-the-best-instrument-to-invest-rs-5-8-lakh-for-up-to-six-months-1863
The best way to set aside money for less than a year would be to let it reside in a liquid fund]]>2017-06-27I wish to gift a flat to my daughter. What kind of tax will this attract to us?http://images.outlookmoney.com/ask/i-wish-to-gift-a-flat-to-my-daughter-what-kind-of-tax-will-this-attract-to-us-1864
When you gift the flat to your daughter, there will be no tax implications that you or your daughter will face]]>2017-06-29Is it possible to buy life insurance without furnishing age proof?http://images.outlookmoney.com/ask/is-it-possible-to-buy-life-insurance-without-furnishing-age-proof-1865
For insurance companies, the proposer’s age is a crucial input that goes into assessing his risk profile]]>2017-06-29Is there any way to pay insurance premium if I am posted out of my home city?http://images.outlookmoney.com/ask/is-there-any-way-to-pay-insurance-premium-if-i-am-posted-out-of-my-home-city-1866
You could pay online, through the insurance company’s website using your credit card]]>2017-06-29Should I buy a life insurance policy even if my employer has insured me?http://images.outlookmoney.com/ask/should-i-buy-a-life-insurance-policy-even-if-my-employer-has-insured-me-1867
First assess your life insurance requirement, and then check if the cover under the group policy is adequate]]>2017-06-28Which fund should I invest in this year?http://images.outlookmoney.com/ask/which-fund-should-i-invest-in-this-year-1874
Franklin India Taxshield is a good fund to invest in with a long performance track record ]]>2017-06-30How many life insurance policies one can take?http://images.outlookmoney.com/ask/how-many-life-insurance-policies-one-can-take-1875
There is no limit on the number of life insurance policies that one can buy]]>2017-06-30What should I do with my investments?http://images.outlookmoney.com/ask/what-should-i-do-with-my-investments-1876
Ideally, you should invest in a well diversified mutual fund across sectors and companies]]>2017-06-30Can the insurer cancel the policy if they find any incorrect statement?http://images.outlookmoney.com/ask/can-the-insurer-cancel-the-policy-if-they-find-any-incorrect-statement-1877
Under such circumstances, the insurers have the option to cease all benefits under the policy ]]>2017-06-30How can I build the sum of Rs 10 lakh?http://images.outlookmoney.com/ask/how-can-i-build-the-sum-of-rs-10-lakh-1878
You can achieve this by investing through SIP in a diversified equity fund from the OLM Elite Beginner’s portfolio]]>2017-07-01How many days before the money will be credited to my account?http://images.outlookmoney.com/ask/how-many-days-before-the-money-will-be-credited-to-my-account-1879
To ensure that there are no other roadblocks, ensure that your bank account details are updated with the fund house]]>2017-07-02Is there a dengue-specific insurance cover?http://images.outlookmoney.com/ask/is-there-a-dengue-specific-insurance-cover-1880
As the cover is only related to dengue, the sum assured on the policy is limited to Rs 1 lakh in most cases]]>2017-07-02How will the prize money be taxed?http://images.outlookmoney.com/ask/how-will-the-prize-money-be-taxed-1881
As your son is a minor, the winning will be taxed in the hands of the parents]]>2017-07-02Is there any insurance against layoff or job loss?http://images.outlookmoney.com/ask/is-there-any-insurance-against-layoff-or-job-loss-1882
There are a few life insurance policies that offer job-loss as an additional insurance cover]]>2017-07-02Can I redeem all my SIP investments?http://images.outlookmoney.com/ask/can-i-redeem-all-my-sip-investments-1883
You have no obligation to the AMC to continue the SIP indefinitely]]>2017-07-02I will be retiring in March 2018. Do I still need to pay advance tax?http://images.outlookmoney.com/ask/i-will-be-retiring-in-march-2018-do-i-still-need-to-pay-advance-tax-1886
If your anticipated income and the tax liability do not change, you will need to pay the advance tax]]>2017-07-03Will the gains be taxed if I use my pocket money to invest?http://images.outlookmoney.com/ask/will-the-gains-be-taxed-if-i-use-my-pocket-money-to-invest-1887
Any income from investment of money by way of gifts or pocket money will be taxable in your hands]]>2017-07-03Can I cancel my motor insurance and get a refund during the policy period?http://images.outlookmoney.com/ask/can-i-cancel-my-motor-insurance-and-get-a-refund-during-the-policy-period-1888
Yes, you can cancel your existing motor policy during the policy period]]>2017-07-03Can I extend my travel insurance while travelling abroad?http://images.outlookmoney.com/ask/can-i-extend-my-travel-insurance-while-travelling-abroad-1889
Yes, travel insurance policies can be extended while you are travelling abroad ]]>2017-07-03Is there any tax liability on the repayment of loan from relatives?http://images.outlookmoney.com/ask/is-there-any-tax-liability-on-the-repayment-of-loan-from-relatives-1890
Normally, any money received as repayment of loan is not treated as income and hence there is no tax liability ]]>2017-07-03How can I transfer the PF deducted by my previous employer?http://images.outlookmoney.com/ask/how-can-i-transfer-the-pf-deducted-by-my-previous-employer-1895
Submit the required Form 13 for transfer of EPF account to your current employer ]]>2017-07-05Can a bank refuse to issue a statement of payment of pre-EMI interest?http://images.outlookmoney.com/ask/can-a-bank-refuse-to-issue-a-statement-of-payment-of-pre-emi-interest-1896
Normally, the bank would issue a yearly statement showing interest paid on the home loan]]>2017-07-05What are the formalities to take a travel insurance policy for six months?http://images.outlookmoney.com/ask/what-are-the-formalities-to-take-a-travel-insurance-policy-for-six-months-1897
Short stay travel health insurance policies are available these days from several insurers]]>2017-07-05What does the free look period of insurance policy mean?http://images.outlookmoney.com/ask/what-does-the-free-look-period-of-insurance-policy-mean-1898
The ‘free look period’ is the time period given to you for re-evaluating your purchase of the policy]]>2017-07-05Can I claim the tax deduction under Section 80C on my HUF income?http://images.outlookmoney.com/ask/can-i-claim-the-tax-deduction-under-section-80c-on-my-huf-income-1903
The contribution that you make into your grand daughter's PPF account will not qualify for tax deduction]]>2017-07-06What is systematic withdrawal plan and how does it work?http://images.outlookmoney.com/ask/what-is-systematic-withdrawal-plan-and-how-does-it-work-1904
SWP is a feature offered by mutual funds by which investors can make withdrawal from their mutual fund investments]]>2017-07-06What is premium waiver facility and how is it useful?http://images.outlookmoney.com/ask/what-is-premium-waiver-facility-and-how-is-it-useful-1905
Premium waiver is useful in child plans where future premium requirements are waived if a parent dies]]>2017-07-07What will be the tax treatment on maturity gains?http://images.outlookmoney.com/ask/what-will-be-the-tax-treatment-on-maturity-gains-1906
The tax treatment on the maturity gains will fall under the head ‘Income from other sources']]>2017-07-07What is the expected return on an endowment policy?http://images.outlookmoney.com/ask/what-is-the-expected-return-on-an-endowment-policy-1911
If you are looking for returns and not insurance, opt for pure investment products like mutual funds]]>2017-07-07Will we need to pay capital gains on the sale of our land?http://images.outlookmoney.com/ask/will-we-need-to-pay-capital-gains-on-the-sale-of-our-land-1912
The gains will be long term capital gains chargeable at 20 per cent with indexation benefit ]]>2017-07-08What is the right sum of cover for 26 years old?http://images.outlookmoney.com/ask/what-is-the-right-sum-of-cover-for-26-years-old-1913
The quantum of insurance cover depends on several factors like his age, health condition and his current income]]>2017-07-08The property price has fallen. Will the bank recover the difference in price?http://images.outlookmoney.com/ask/the-property-price-has-fallen-will-the-bank-recover-the-difference-in-price-1916
If the loan amount is linked to the property value, the bank will seek a revision of the terms]]>2017-07-09I forgot to pay the premium this year. Will my policy be cancelled?http://images.outlookmoney.com/ask/i-forgot-to-pay-the-premium-this-year-will-my-policy-be-cancelled-1917
Any insurance policy lapses if the due premium is not paid within 6 months of the date when the premium became due]]>2017-07-09Should I invest in one of these funds or NFOs that are recommended regularly?http://images.outlookmoney.com/ask/should-i-invest-in-one-of-these-funds-or-nfos-that-are-recommended-regularly-1918
In most situations, a fund with a track record is better than a completely new one]]>2017-07-09Why term plans are considered the best?http://images.outlookmoney.com/ask/why-term-plans-are-considered-the-best-1919
Term insurance is the purest form of insurance—it provides cover only for the risk of death of the life assured]]>2017-07-09I would like to invest Rs 5,000 in a mutual fund. Suggest a suitable fund.http://images.outlookmoney.com/ask/i-would-like-to-invest-rs-5000-in-a-mutual-fund-suggest-a-suitable-fund-1920
Most mutual funds process withdrawals within three working days]]>2017-07-09What is under insurance and how does it affect the claims?http://images.outlookmoney.com/ask/what-is-under-insurance-and-how-does-it-affect-the-claims-1921
The principal of under insurance comes into play in the event of a partial loss to an asset]]>2017-07-10Should I continue the SIP or switch over to some other fund?http://images.outlookmoney.com/ask/should-i-continue-the-sip-or-switch-over-to-some-other-fund-1922
In your retirement you have taken a big risk by investing in a thematic fund in the power sector]]>2017-07-10Is it wise to quit Canara Robeco Equity Tax Saver?http://images.outlookmoney.com/ask/is-it-wise-to-quit-canara-robeco-equity-tax-saver-1923
When you invest through SIPs in tax planning funds, every instalment in the scheme is locked-in for three years]]>2017-07-10Please suggest a policy that will suit the needs of my diabetic father.http://images.outlookmoney.com/ask/please-suggest-a-policy-that-will-suit-the-needs-of-my-diabetic-father-1924
Do check on individual plans from a few insurers before deciding on which one to take.]]>2017-07-10Is it good to buy a personal accident cover from a general insurer?http://images.outlookmoney.com/ask/is-it-good-to-buy-a-personal-accident-cover-from-a-general-insurer-1926
The cost of cover under a personal accident policy is invariably cheaper as compared to the accident rider]]>2017-07-11Should I invest in ICICI Prudential FMCG through monthly SIPs?http://images.outlookmoney.com/ask/should-i-invest-in-icici-prudential-fmcg-through-monthly-sips-1928
This fund is 18 years old and has been a consistent performer, despite being a sector fund]]>2017-07-11When should I redeem my investments and where can I park the funds?http://images.outlookmoney.com/ask/when-should-i-redeem-my-investments-and-where-can-i-park-the-funds-1929
You can move your investment to a short-term debt fund or a liquid fund to insulate yourself from market risk]]>2017-07-11How is the tax calculated on maturity amount of sum invested for future needs?http://images.outlookmoney.com/ask/how-is-the-tax-calculated-on-maturity-amount-of-sum-invested-for-future-needs-1931
The income arising or accruing to a minor child is clubbed in the hands of the parent with the higher income]]>2017-07-12Should I invest my surplus cash in liquid funds that can be withdrawn anytime?http://images.outlookmoney.com/ask/should-i-invest-my-surplus-cash-in-liquid-funds-that-can-be-withdrawn-anytime-1930
The strategy to invest in liquid funds is a good move compared to cash being retained in a savings bank account]]>2017-07-11Where should I invest if my goal is to accumulate Rs 25 lakh in next 10 years?http://images.outlookmoney.com/ask/where-should-i-invest-if-my-goal-is-to-accumulate-rs-25-lakh-in-next-10-years-1932
You can invest in a diversified portfolio of mutual funds to achieve this goal based on your risk profile]]>2017-07-12Can the bank charge higher interest on home loan if construction has not begun?http://images.outlookmoney.com/ask/can-the-bank-charge-higher-interest-on-home-loan-if-construction-has-not-begun-1947
If you have not started the construction then the bank has all the reasons to seek an explanation from you]]>2017-07-16Are there any insurance policies that address specific cases related to women?http://images.outlookmoney.com/ask/are-there-any-insurance-policies-that-address-specific-cases-related-to-women-1948
Some life insurers do offer benefits to women by way of a reduced premium rate for them]]>2017-07-16I want to take a home loan. Is there any scope of MCLR coming down?http://images.outlookmoney.com/ask/i-want-to-take-a-home-loan-is-there-any-scope-of-mclr-coming-down-1949
Normally, the MCLR is fixed for a pre-defined period, which can range from a month to a year]]>2017-07-16Where should I invest for my daughter's future needs which is 15 years away?http://images.outlookmoney.com/ask/where-should-i-invest-for-my-daughters-future-needs-which-is-15-years-away-1950
You should consider investing regularly using the systematic investment plan (SIP) for long-term wealth creation]]>2017-07-16I have invested Rs 10,000 in SBI PSU. What is the future of this plan?http://images.outlookmoney.com/ask/i-have-invested-rs-10000-in-sbi-psu-what-is-the-future-of-this-plan-1951
The fate of this fund’s performance is linked to policies that impact the functioning of PSUs]]>2017-07-16Is it true that money back schemes are better than fixed deposits?http://images.outlookmoney.com/ask/is-it-true-that-money-back-schemes-are-better-than-fixed-deposits-1952
In money-back plan the insured will receive tax-free, fixed proportions of the sum assured at regular intervals]]>2017-07-14Which are the best funds that can perform well in next three years?http://images.outlookmoney.com/ask/which-are-the-best-funds-that-can-perform-well-in-next-three-years-1954
Mutual fund investments do not guarantee returns but you could look at the performance in the OLM Elite list]]>2017-07-15Is it advisable to sell all my holdings and park the money in liquid funds?http://images.outlookmoney.com/ask/is-it-advisable-to-sell-all-my-holdings-and-park-the-money-in-liquid-funds-1955
You should stick with the growth option in the funds that you are investing in]]>2017-07-15Will I continue to get no claim bonus if I change my insurer?http://images.outlookmoney.com/ask/will-i-continue-to-get-no-claim-bonus-if-i-change-my-insurer-1956
If the no claim bonus is due, generally the new insurer will pass the same benefit to you]]>2017-07-15How does a Critical Illness Rider attached with a Life Insurance Policy work?http://images.outlookmoney.com/ask/how-does-a-critical-illness-rider-attached-with-a-life-insurance-policy-work-1957
The ‘Critical Illness Rider’ provides coverage in the event of detection of a critical illness to the insured]]>2017-07-15Is there any penalty applicable for stopping or missing out on SIPs?http://images.outlookmoney.com/ask/is-there-any-penalty-applicable-for-stopping-or-missing-out-on-sips-1963
There are no penalties or charges in stopping or pausing SIPs by the AMC]]>2017-07-18What is a mortgage redemption plan?http://images.outlookmoney.com/ask/what-is-a-mortgage-redemption-plan-1964
A Mortgage Redemption Plan is a pure protection term insurance policy catering to insure loans]]>2017-07-18I paid twice for insurance premium. Will I get refund on duplicate payment?http://images.outlookmoney.com/ask/i-paid-twice-for-insurance-premium-will-i-get-refund-on-duplicate-payment-1965
You have the option to seek refund on the duplicate payment or get it adjusted against your next due premium]]>2017-07-18Can I redeem investments if the account through which I invested is now closed?http://images.outlookmoney.com/ask/can-i-redeem-investments-if-the-account-through-which-i-invested-is-now-closed-1966
You can redeem your investments even if the bank account through which the investments were made is now closed]]>2017-07-19Is it true that I can be fined if I do not have motor insurance?http://images.outlookmoney.com/ask/is-it-true-that-i-can-be-fined-if-i-do-not-have-motor-insurance-1967
Without a valid third party insurance you cannot ply your vehicle on the roads]]>2017-07-19What is the significance of the double accident benefit?http://images.outlookmoney.com/ask/what-is-the-significance-of-the-double-accident-benefit-1977
In the event of accident of the insured the legal heirs would be paid a sum equal to double amount of sum insured]]>2017-07-21How can I save and invest to have Rs 20 lakh three years from now?http://images.outlookmoney.com/ask/how-can-i-save-and-invest-to-have-rs-20-lakh-three-years-from-now-1978
You should consider funding your studies with a combination of education loan and your savings and investments]]>2017-07-21What are the norms to change the nominations under a life cover policy?http://images.outlookmoney.com/ask/what-are-the-norms-to-change-the-nominations-under-a-life-cover-policy-1979
Every life insurance company has its procedure to change the nomination]]>2017-07-21What is the right way to write a Will?http://images.outlookmoney.com/ask/what-is-the-right-way-to-write-a-will-1980
To make your Will stand up in case of a contest—it should be executed in accordance with applicable law]]>2017-07-21What are the advantages of buying a term insurance policy other than low cost?http://images.outlookmoney.com/ask/what-are-the-advantages-of-buying-a-term-insurance-policy-other-than-low-cost-1981
Term insurance policy is the cheapest and, comparatively, the simplest form of insurance policy]]>2017-07-22Is the partial withdrawal from the Ulip corpus taxable?http://images.outlookmoney.com/ask/is-the-partial-withdrawal-from-the-ulip-corpus-taxable-1982
It will depend on the period for which the contribution to the scheme has been made]]>2017-07-22Which investment approach should I adopt if I need Rs 15 lakh after three years?http://images.outlookmoney.com/ask/which-investment-approach-should-i-adopt-if-i-need-rs-15-lakh-after-three-years-1983
Investing in equity mutual funds with an eye for growth is the right approach to investing systematically]]>2017-07-23What kind of insurance should I take if I have started my career few months ago?http://images.outlookmoney.com/ask/what-kind-of-insurance-should-i-take-if-i-have-started-my-career-few-months-ago-1984
You should have health insurance, which you can buy now, even if your employer provides you with cover]]>2017-07-23Should I go for a high-value policy with life insurer for taking housing loan?http://images.outlookmoney.com/ask/should-i-go-for-a-high-value-policy-with-life-insurer-for-taking-housing-loan-1985
You don’t have to be a policyholder from a life insurance company to procure a housing loan]]>2017-07-23If I withdraw PF will I also get what the employer had contributed?http://images.outlookmoney.com/ask/if-i-withdraw-pf-will-i-also-get-what-the-employer-had-contributed-1986
PF withdrawal is taxable if service is not rendered continuously for at least five years]]>2017-07-23Should I go for a debt fund instead of an FD?http://images.outlookmoney.com/ask/should-i-go-for-a-debt-fund-instead-of-an-fd-1987
Compared to FDs, debt funds are tax efficient and also have the potential to earn more]]>2017-07-23Which gold ETF scheme is the best?http://images.outlookmoney.com/ask/which-gold-etf-scheme-is-the-best-1988
All gold ETFs currently charge around one per cent as expenses]]>2017-07-22I am planning to invest Rs 20,000. Where should I invest?http://images.outlookmoney.com/ask/i-am-planning-to-invest-rs-20000-where-should-i-invest-1989
For a three year investment period you can consider investing in an equity-linked savings scheme]]>2017-07-22What are the best investment options for 3-6 months with maximum returns?http://images.outlookmoney.com/ask/what-are-the-best-investment-options-for-3-6-months-with-maximum-returns-1990
You should park your money either in liquid mutual funds or ultra short term debt mutual funds.]]>2017-07-24Where should a senior citizen park his money to keep it safe and tax efficient?http://images.outlookmoney.com/ask/where-should-a-senior-citizen-park-his-money-to-keep-it-safe-and-tax-efficient-1991
Tax efficiency and safety leaves you with no choice but to stick to investments in debt instruments]]>2017-07-24What kind of child care plan should I take for my one year old daughter?http://images.outlookmoney.com/ask/what-kind-of-child-care-plan-should-i-take-for-my-one-year-old-daughter-1993
Most of the child care plans fall in two broad categories based on premium payments.]]>2017-07-24Is it good to invest the idle cash in short term liquid funds?http://images.outlookmoney.com/ask/is-it-good-to-invest-the-idle-cash-in-short-term-liquid-funds-1998
The move to invest surplus cash in liquid funds is a good move compared to it being retained in a savings account]]>2017-07-25Do I need a guarantor or security while availing a car loan?http://images.outlookmoney.com/ask/do-i-need-a-guarantor-or-security-while-availing-a-car-loan-1999
The security for the car loan is your car itself]]>2017-07-25Can I take an education loan on floating rates?http://images.outlookmoney.com/ask/can-i-take-an-education-loan-on-floating-rates-2000
The difference between floating rate education loans and fixed rate ones is less than 1 per cent per annum]]>2017-07-26Is it right to invest a lump sum amount in one mutual fund?http://images.outlookmoney.com/ask/is-it-right-to-invest-a-lump-sum-amount-in-one-mutual-fund-2009
When investing in mutual funds you should have a financial goal which will determine the type of funds to invest in]]>2017-07-27Is it right time to invest in ELSS mutual funds?http://images.outlookmoney.com/ask/is-it-right-time-to-invest-in-elss-mutual-funds-2010
There is a lot of difference between saving in a fixed deposit and investing in a tax planning fund]]>2017-07-27Is it advisable to have more than one health insurance policy at a time?http://images.outlookmoney.com/ask/is-it-advisable-to-have-more-than-one-health-insurance-policy-at-a-time-2011
It is advisable to take a higher amount of coverage from a single insurer only]]>2017-07-27Can the medical expenses be covered under Overseas Mediclaim Policy?http://images.outlookmoney.com/ask/can-the-medical-expenses-be-covered-under-overseas-mediclaim-policy-2012
No. Expenses cannot be covered under the Overseas Mediclaim Policy]]>2017-07-27Can mobile phones be insured?http://images.outlookmoney.com/ask/can-mobile-phones-be-insured-2014
Yes, mobile phones can be insured against the risks of loss of or damage to the mobile sets]]>2017-07-28Is there any general insurance policy which insures expensive sports kits?http://images.outlookmoney.com/ask/is-there-any-general-insurance-policy-which-insures-expensive-sports-kits-2015
Yes, there is a policy by the name of ‘Sports Insurance’, which is generally issued to amateur sportsmen]]>2017-07-28Will the towing charges for damaged car be covered under car insurance?http://images.outlookmoney.com/ask/will-the-towing-charges-for-damaged-car-be-covered-under-car-insurance-2016
If the car is disabled as a result of the damage which is covered under the policy, the towing charges are payable]]>2017-07-28Can I claim for the single illness under two health insurance policies?http://images.outlookmoney.com/ask/can-i-claim-for-the-single-illness-under-two-health-insurance-policies-2017
Even if you have two insurance policies to cover the same risk, you cannot get full claim under both the policies]]>2017-07-29Are child plans a good way to start investing?http://images.outlookmoney.com/ask/are-child-plans-a-good-way-to-start-investing-2018
You should look at investing in diversified equity mutual funds from the OLM Elite set]]>2017-07-29Does the premium paid during the grace period affect the risk coverage?http://images.outlookmoney.com/ask/does-the-premium-paid-during-the-grace-period-affect-the-risk-coverage-2020
Every life policy states the dates on which the renewal premium is payable by the insured]]>2017-07-29I am investing in PPFAS Long Term Value. Is it a good investment?http://images.outlookmoney.com/ask/i-am-investing-in-ppfas-long-term-value-is-it-a-good-investment-2021
PPFAS Long Term Value Fund can invest up to 35 per cent of its portfolio in foreign securities]]>2017-07-29Should one insure the new washing machine while it is under full warranty?http://images.outlookmoney.com/ask/should-one-insure-the-new-washing-machine-while-it-is-under-full-warranty-2022
Insure the assets against the risks to which they may be exposed even if they are covered under full warranty]]>2017-07-30When should I redeem my investments if I need the investment corpus?http://images.outlookmoney.com/ask/when-should-i-redeem-my-investments-if-i-need-the-investment-corpus-2023
If you're not comfortable with the thought of putting money in liquid fund, you could also keep it in bank account]]>2017-07-30How much will I get if I continue investing in ICICI Pru Focused Bluechip?http://images.outlookmoney.com/ask/how-much-will-i-get-if-i-continue-investing-in-icici-pru-focused-bluechip-2024
You are investing in a fund which is almost a decade old and has seen the bad and the good phase of the market]]>2017-07-30Is a weekly SIP better than monthly SIP?http://images.outlookmoney.com/ask/is-a-weekly-sip-better-than-monthly-sip-2026
Select your SIP option based on your investment time frame and convenience to invest]]>2017-07-30Is this the right time to invest in an aggressive fund?http://images.outlookmoney.com/ask/is-this-the-right-time-to-invest-in-an-aggressive-fund-2027
There is no right or wrong time to invest as long as you are aware of the investment risks]]>2017-07-30Is there a method by which I can know how much insurance I actually need?http://images.outlookmoney.com/ask/is-there-a-method-by-which-i-can-know-how-much-insurance-i-actually-need-2028
Insurance is meant to provide financial security to the dependants in the event of death of the insured]]>2017-07-31What should I do as the repair cost is more than the insured value of my car?http://images.outlookmoney.com/ask/what-should-i-do-as-the-repair-cost-is-more-than-the-insured-value-of-my-car-2029
Where the repair cost exceeds the insured value of the vehicle, the insurers settle the claim on a Total Loss basis]]>2017-07-31What shares and mutual funds should I invest to build Rs 10 lakhs?http://images.outlookmoney.com/ask/what-shares-and-mutual-funds-should-i-invest-to-build-rs-10-lakhs-2030
For a new investor, we suggest investing in a balanced fund such as ICICI Pru Balanced and HDFC Balanced]]>2017-07-31How to select a good sector fund?http://images.outlookmoney.com/ask/how-to-select-a-good-sector-fund-2031
Sector funds are essentially for investors who have a high risk appetite and are for seasoned investors ]]>2017-07-31Will I have to get my new laptop covered separately or my earlier cover will do?http://images.outlookmoney.com/ask/will-i-have-to-get-my-new-laptop-covered-separately-or-my-earlier-cover-will-do-2032
You will have to inform your insurers for the inclusion of laptop in your householder’s policy]]>2017-07-31Do I need to take travel insurance if I already have an accident policy?http://images.outlookmoney.com/ask/do-i-need-to-take-travel-insurance-if-i-already-have-an-accident-policy-2033
Talking of health insurance you need to cover yourself against the risks from accidents and sickness]]>2017-08-01Where can I invest Rs 7 lakh for 10 years?http://images.outlookmoney.com/ask/where-can-i-invest-rs-7-lakh-for-10-years-2037
It would be advisable to fix a specific goal for this investment, as it will help you be more disciplined]]>2017-08-01Which mutual fund should I stop investing in?http://images.outlookmoney.com/ask/which-mutual-fund-should-i-stop-investing-in-2040
Too many funds in a portfolio duplicate the holdings and adds to paperwork too]]>2017-08-02Who will get the claim amount if the car of which I am paying EMI gets stolen?http://images.outlookmoney.com/ask/who-will-get-the-claim-amount-if-the-car-of-which-i-am-paying-emi-gets-stolen-2042
In your case the insurers will be issuing the cheque of the settlement amount in favour of the lenders only]]>2017-08-02What should I do in case of claim if I have two health insurance policies?http://images.outlookmoney.com/ask/what-should-i-do-in-case-of-claim-if-i-have-two-health-insurance-policies-2043
It is advisable to take a higher amount of coverage from a single insurer only]]>2017-08-02I want to invest Rs 5,000 per month. Which are the best funds to begin with?http://images.outlookmoney.com/ask/i-want-to-invest-rs-5000-per-month-which-are-the-best-funds-to-begin-with-2044
You could invest in a fund like ICICI Prudential Balanced Advantage Fund to start with]]>2017-08-02Is there any limit to the number of life insurance policies one can buy?http://images.outlookmoney.com/ask/is-there-any-limit-to-the-number-of-life-insurance-policies-one-can-buy-2045
There is no limit on the number of life insurance policies that one can buy]]>2017-08-03When should one exit a fund? Should one exit in lump sum or through STP?http://images.outlookmoney.com/ask/when-should-one-exit-a-fund-should-one-exit-in-lump-sum-or-through-stp-2049
You can consider exiting your investments if it has achieved its goal]]>2017-08-03Can a claim be filed even if insured was admitted twice for same ailment?http://images.outlookmoney.com/ask/can-a-claim-be-filed-even-if-insured-was-admitted-twice-for-same-ailment-2050
Your father can claim expenses in both the hospitals under a single claim]]>2017-08-03Will the health insurer charge high rate of premium if case of a diabetic?http://images.outlookmoney.com/ask/will-the-health-insurer-charge-high-rate-of-premium-if-case-of-a-diabetic-2051
The insurers do not normally load the premium for an existing ailment]]>2017-08-04Is it advisable to terminate term insurance policy and get a different plan?http://images.outlookmoney.com/ask/is-it-advisable-to-terminate-term-insurance-policy-and-get-a-different-plan-2052
Before you go ahead with your decision you must consider changes in your health status, if any]]>2017-08-04Should I go for a life insurance policy if I am 22?http://images.outlookmoney.com/ask/should-i-go-for-a-life-insurance-policy-if-i-am-22-2053
Ideally you should look for a health insurance policy before a life cover at this stage of your life]]>2017-08-04I invest in three equity funds every month. Is it advisable to do so?http://images.outlookmoney.com/ask/i-invest-in-three-equity-funds-every-month-is-it-advisable-to-do-so-2057
All the funds that you are investing in are good, and are diversified equity funds]]>2017-08-05Will I lose my no claim bonus on health policy if I change my insurer?http://images.outlookmoney.com/ask/will-i-lose-my-no-claim-bonus-on-health-policy-if-i-change-my-insurer-2058
Yes, you can change your health insurance policy from one insurer to another]]>2017-08-05Where should my mother invest a sum of Rs 6 lakh for next 7-8 years?http://images.outlookmoney.com/ask/where-should-my-mother-invest-a-sum-of-rs-6-lakh-for-next-7-8-years-2059
It would be advisable if you look for a fund which is stable with returns over this period that you could consider]]>2017-08-05Is it mandatory to inform the health insurer about the pre-existing problems?http://images.outlookmoney.com/ask/is-it-mandatory-to-inform-the-health-insurer-about-the-pre-existing-problems-2060
Yes, it would be in both, the insurer as well as the proposer’s interest to disclose all the facts]]>2017-08-05I want to invest in gold for 6 to 9 months. Which fund should I invest in?http://images.outlookmoney.com/ask/i-want-to-invest-in-gold-for-6-to-9-months-which-fund-should-i-invest-in-2062
Investing in gold is advisable only once you have a fully diversified portfolio]]>2017-08-06How could I get a gratuity plan for employees working at my shop?http://images.outlookmoney.com/ask/how-could-i-get-a-gratuity-plan-for-employees-working-at-my-shop-2064
Most life insurers offer a gratuity plan and you could check with them in structuring one for your employees]]>2017-08-06Where should I invest if I want a return of Rs 50,000 per month?http://images.outlookmoney.com/ask/where-should-i-invest-if-i-want-a-return-of-rs-50000-per-month-2065
If you have never invested in mutual funds, you should use the opportunity to make an investment in a balanced fund]]>2017-08-06What is the way out if I have stopped investing in poor performing funds?http://images.outlookmoney.com/ask/what-is-the-way-out-if-i-have-stopped-investing-in-poor-performing-funds-2066
Timing the exit from a fund that is losing on performance is important to cut your losses]]>2017-08-06Can I change the existing nomination without the consent of the stated nominee?http://images.outlookmoney.com/ask/can-i-change-the-existing-nomination-without-the-consent-of-the-stated-nominee-2067
Nomination basically identifies the person who will receive the policy money if the policyholder dies]]>2017-08-07How much money should I put in an SIP in order to generate Rs 50,000?http://images.outlookmoney.com/ask/how-much-money-should-i-put-in-an-sip-in-order-to-generate-rs-50000-2068
If you could increase your monthly investment to Rs 8,000, you are more likely to reach your goal]]>2017-08-07As an NRI how do I make the payment on my insurance policies bought in India?http://images.outlookmoney.com/ask/as-an-nri-how-do-i-make-the-payment-on-my-insurance-policies-bought-in-india-2071
As an NRI you have various options for payment of premium on your life insurance policies bought in India]]>2017-08-07How does a ‘Critical Illness Rider’ attached with a life insurance policy work?http://images.outlookmoney.com/ask/how-does-a-critical-illness-rider-attached-with-a-life-insurance-policy-work-2072
The entire sum insured under the rider is paid to the policyholder on the diagnosis of a critical illness]]>2017-08-07My financial goal is to accumulate Rs 20 lakh. Please advise on this.http://images.outlookmoney.com/ask/my-financial-goal-is-to-accumulate-rs-20-lakh-please-advise-on-this-2075
Invest in diversified equity funds and you should be able to reach your goal]]>2017-08-08Can I file returns if TDS was deducted but was not credited to tax department?http://images.outlookmoney.com/ask/can-i-file-returns-if-tds-was-deducted-but-was-not-credited-to-tax-department-2076
Check Form 26AS for tax credits if any by your employer, who may be operating under some other name]]>2017-08-08I am a senior citizen. Am I supposed to pay tax against the interest on my FD?http://images.outlookmoney.com/ask/i-am-a-senior-citizen-am-i-supposed-to-pay-tax-against-the-interest-on-my-fd-2077
The interest earned from FDs is not exempt from income tax in the hands of any taxpayer]]>2017-08-08I want to surrender my endowment policy. What should I do?http://images.outlookmoney.com/ask/i-want-to-surrender-my-endowment-policy-what-should-i-do-2078
Check with your insurer what your current surrender value on the policy would be]]>2017-08-09What is the tax benefit in case of expenses incurred with a health policy?http://images.outlookmoney.com/ask/what-is-the-tax-benefit-in-case-of-expenses-incurred-with-a-health-policy-2079
You can claim tax deductions on premiums paid towards health insurance under Section 80D of the Income-tax Act]]>2017-08-09Is a gift received by HUF from its members or their relatives taxable?http://images.outlookmoney.com/ask/is-a-gift-received-by-huf-from-its-members-or-their-relatives-taxable-2080
Gift received by HUF from its members are exempt under Section 56(2)(x)]]>2017-08-08I have a flat in Singapore. Will rental income from it be taxed in India?http://images.outlookmoney.com/ask/i-have-a-flat-in-singapore-will-rental-income-from-it-be-taxed-in-india-2081
If you are holding on to your Indian citizenship then your global income will be taxable in India]]>2017-08-08Can I change the name of beneficiaries in my life insurance policy?http://images.outlookmoney.com/ask/can-i-change-the-name-of-beneficiaries-in-my-life-insurance-policy-2084
Nominees in a life insurance policy can be changed anytime while the policy is in force]]>2017-08-10What will be the tax implications if I make cash gift to my minor granddaughter?http://images.outlookmoney.com/ask/what-will-be-the-tax-implications-if-i-make-cash-gift-to-my-minor-granddaughter-2085
According to the tax laws, a gift received from close relatives is not taxable in the hands of the recipient]]>2017-08-10How much can I save on tax with the sell of a plot which I purchased in 2013?http://images.outlookmoney.com/ask/how-much-can-i-save-on-tax-with-the-sell-of-a-plot-which-i-purchased-in-2013-2086
The gains will be taxed under the long-term capital head and will also be eligible for indexation benefit]]>2017-08-09Does Kisan Vikas Patra investment qualify for tax benefits under Section 80C?http://images.outlookmoney.com/ask/does-kisan-vikas-patra-investment-qualify-for-tax-benefits-under-section-80c-2087
Under Section 80C, a deduction of up to Rs 1.5 lakh for investment made in specified instruments are allowed]]>2017-08-09Can I continue my EPF in the same account if I am changing the job?http://images.outlookmoney.com/ask/can-i-continue-my-epf-in-the-same-account-if-i-am-changing-the-job-2088
Yes, if you are salaried and EPF is part of your salary, you can restart contributing to the same account]]>2017-08-09What kind of insurance would you suggest for a person with no dependants?http://images.outlookmoney.com/ask/what-kind-of-insurance-would-you-suggest-for-a-person-with-no-dependants-2096
Basic purpose of life insurance is to provide a financial security for the dependents of the insured]]>2017-08-13I have missed out on my premium this year. Can the payment be made now?http://images.outlookmoney.com/ask/i-have-missed-out-on-my-premium-this-year-can-the-payment-be-made-now-2097
Sometimes, insurers do open a window to revive lapsed policies without any additional interest or penalties]]>2017-08-13Can an insurance company send notice of cancellation to a customer?http://images.outlookmoney.com/ask/can-an-insurance-company-send-notice-of-cancellation-to-a-customer-2098
On cancellation, insurer is obliged to return the pro rata premium for the unexpired period of the policy]]>2017-08-13What is a unit linked insurance plan?http://images.outlookmoney.com/ask/what-is-a-unit-linked-insurance-plan-2099
In unit linked plans the premiums paid are invested in funds offered by the company]]>2017-08-13I want to invest in gold for six months; please suggest which fund to invest in?http://images.outlookmoney.com/ask/i-want-to-invest-in-gold-for-six-months-please-suggest-which-fund-to-invest-in-2101
Six months is too short a period to consider investing in gold]]>2017-08-12What is Employees’ Deposit Linked Insurance?http://images.outlookmoney.com/ask/what-is-employees-deposit-linked-insurance-2102
EDLI provides for a lump sum payment to the insured’s nominated beneficiary in the event of death]]>2017-08-12Suggest a mutual fund which can give a return of 15 per cent every year.http://images.outlookmoney.com/ask/suggest-a-mutual-fund-which-can-give-a-return-of-15-per-cent-every-year-2103
Investing systematically in mutual funds through the SIP route is advisable for the regular investments]]>2017-08-14Should I quit mutual funds as the markets are going up?http://images.outlookmoney.com/ask/should-i-quit-mutual-funds-as-the-markets-are-going-up-2104
As mutual fund performance is dynamic; a fund that performs well today, need not necessarily perform well forever]]>2017-08-14Does it make sense to buy a dengue-care-specific cover?http://images.outlookmoney.com/ask/does-it-make-sense-to-buy-a-dengue-care-specific-cover-2105
Do know that dengue-specific plans would cover only medical expenses arising from dengue]]>2017-08-14I want to know if I should invest in ELSS. Could you suggest funds to invest?http://images.outlookmoney.com/ask/i-want-to-know-if-i-should-invest-in-elss-could-you-suggest-funds-to-invest-2108
Investing in equity-linked savings scheme or ELSS is a good move, especially to save on your income tax liability]]>2017-08-12I am planning to buy a family floater for my family. Is it a good move?http://images.outlookmoney.com/ask/i-am-planning-to-buy-a-family-floater-for-my-family-is-it-a-good-move-2109
Under a family floater policy, the sum assured of the plan would be shared across all the family members]]>2017-08-15I want to invest Rs 4,000 every month. In which funds can I invest?http://images.outlookmoney.com/ask/i-want-to-invest-rs-4000-every-month-in-which-funds-can-i-invest-2110
You should make it a habit to track the performance of the funds you invest in to assess its progress]]>2017-08-15Which is better- growth or dividend option when investing in a mutual fund?http://images.outlookmoney.com/ask/which-is-better-growth-or-dividend-option-when-investing-in-a-mutual-fund-2111
Both the options have relative benefits which depend on your expectation and needs from the investment]]>2017-08-15Is a separate plan necessary if the RWA has already purchased a home insurance?http://images.outlookmoney.com/ask/is-a-separate-plan-necessary-if-the-rwa-has-already-purchased-a-home-insurance-2112
Do check the quantum of cover in the householder policy taken by the RWA]]>2017-08-15Which is better – Gold ETF or gold savings fund to invest?http://images.outlookmoney.com/ask/which-is-better-gold-etf-or-gold-savings-fund-to-invest-2113
Both the options have advantages depending on the convenience that an investor seeks]]>2017-08-15I would like to invest for my daughter's future. Suggest some funds.http://images.outlookmoney.com/ask/i-would-like-to-invest-for-my-daughters-future-suggest-some-funds-2114
Make it a habit to track your investments once a year to evaluate the progress]]>2017-08-12What is a top-up health insurance plan?http://images.outlookmoney.com/ask/what-is-a-top-up-health-insurance-plan-2115
These are health insurance plans which can help you in increasing the sum assured on a health policy ]]>2017-08-12Want to invest in ELSS funds but I am not sure about my choice.http://images.outlookmoney.com/ask/want-to-invest-in-elss-funds-but-i-am-not-sure-about-my-choice-2116
Three year lock-in, when investing in an ELSS gives sufficient time for the fund to gain from the market movements]]>2017-08-12Is a weekly SIP better than a monthly SIP?http://images.outlookmoney.com/ask/is-a-weekly-sip-better-than-a-monthly-sip-2117
Select your SIP option based on your investment time frame and convenience to invest]]>2017-08-12I have not received the contract note of shares I sold online. What should I do?http://images.outlookmoney.com/ask/i-have-not-received-the-contract-note-of-shares-i-sold-online-what-should-i-do-2119
You will receive the electronic order and trade confirmation as soon as your deal is executed to your email id]]>2017-08-20Is it advisable to pick up units of a fund from the old scheme?http://images.outlookmoney.com/ask/is-it-advisable-to-pick-up-units-of-a-fund-from-the-old-scheme-2121
An existing fund is always a better bet—you can see the portfolio and you have a track record]]>2017-08-20My bank refuses to accept soiled notes. Is there any official circular on this?http://images.outlookmoney.com/ask/my-bank-refuses-to-accept-soiled-notes-is-there-any-official-circular-on-this-2123
Normally banks are required to accept soiled notes and replace them under the RBI refund rules]]>2017-08-20I am a bit worried as I recently got a tax scrutiny notice. What should I do?http://images.outlookmoney.com/ask/i-am-a-bit-worried-as-i-recently-got-a-tax-scrutiny-notice-what-should-i-do-2124
You should not be worried with a scrutiny notice if you have done nothing wrong]]>2017-08-20How will the change in fund management team affect my investment?http://images.outlookmoney.com/ask/how-will-the-change-in-fund-management-team-affect-my-investment-2125
Just a change in fund management team should not be the trigger for you to change your investments]]>2017-08-20Can I file a claim using a mediclaim card that doesn’t have my photograph?http://images.outlookmoney.com/ask/can-i-file-a-claim-using-a-mediclaim-card-that-doesnt-have-my-photograph-2127
A mediclaim card without a photograph will not pose any problem at the time of filing a claim]]>2017-08-17Suggest a fund where I can invest in SIP for my daughter.http://images.outlookmoney.com/ask/suggest-a-fund-where-i-can-invest-in-sip-for-my-daughter-2128
Review the performance of the fund at least once a year to check its progress]]>2017-08-17Will the insurer pay for seepage, which is covered under a building insurance?http://images.outlookmoney.com/ask/will-the-insurer-pay-for-seepage-which-is-covered-under-a-building-insurance-2129
The policy claim on this loss depends on the cause of seepage]]>2017-08-17My monthly net salary is Rs 8,000. What are my chances of getting a loan?http://images.outlookmoney.com/ask/my-monthly-net-salary-is-rs-8000-what-are-my-chances-of-getting-a-loan-2132
At present you are a high risk borrower, and it will be sometime before a bank can make you a personal loan]]>2017-08-16Should I invest in some high risk fund as I have no financial responsibility?http://images.outlookmoney.com/ask/should-i-invest-in-some-high-risk-fund-as-i-have-no-financial-responsibility-2133
By investing a fixed amount at predetermined intervals, trouble of figuring the best time to invest is eliminated]]>2017-08-16I want to invest Rs 15 lakh for 2-3 years. Where should I invest?http://images.outlookmoney.com/ask/i-want-to-invest-rs-15-lakh-for-2-3-years-where-should-i-invest-2139
Investments in debt funds will work better or even investments in balanced funds would work well]]>2017-08-19Which among PPF and ELSS is better for long term investments?http://images.outlookmoney.com/ask/which-among-ppf-and-elss-is-better-for-long-term-investments-2140
Given your investment time frame, it would be a good idea to consider ELSS over PPF]]>2017-08-19I am getting married soon. Is there a policy I can take that covers all risks?http://images.outlookmoney.com/ask/i-am-getting-married-soon-is-there-a-policy-i-can-take-that-covers-all-risks-2141
A basic health insurance cover is recommended to start, to which you can add life cover before you get married]]>2017-08-19I am 42 and have dependents. How much insurance should I take?http://images.outlookmoney.com/ask/i-am-42-and-have-dependents-how-much-insurance-should-i-take-2146
At your age and level of earning, it would be best if you go for a term insurance plan and a pension plan]]>2017-08-19Do people prefer investing in Gold ETF than mutual funds?http://images.outlookmoney.com/ask/do-people-prefer-investing-in-gold-etf-than-mutual-funds-2147
Each category of mutual fund is suited for a particular purpose based on the investor’s risk profile]]>2017-08-19I have five life insurance policies worth Rs 5 lakh. Do I need more policies?http://images.outlookmoney.com/ask/i-have-five-life-insurance-policies-worth-rs-5-lakh-do-i-need-more-policies-2148
Insurance requirement varies from individual to individual]]>2017-08-19Does the insurer pay for the damaged articles in case of attempted burglary?http://images.outlookmoney.com/ask/does-the-insurer-pay-for-the-damaged-articles-in-case-of-attempted-burglary-2163
Yes, the insurance company will pay for the repair charges of articles damaged due to attempted burglary]]>2017-08-22I am 36 and want to get term insurance plan. Should I go for MetLife plan?http://images.outlookmoney.com/ask/i-am-36-and-want-to-get-term-insurance-plan-should-i-go-for-metlife-plan-2164
The cheapest plan is the most economical and desired; and you should go with the MetLife plan that costs less]]>2017-08-21I have units in Reliance Diversified Power Sector; should I exit from this fund?http://images.outlookmoney.com/ask/i-have-units-in-reliance-diversified-power-sector-should-i-exit-from-this-fund-2165
You should exit a fund that is losing performance to cut your losses and invest elsewhere]]>2017-08-21What are ‘with profit’ and ‘without profit’ life insurance plans?http://images.outlookmoney.com/ask/what-are-with-profit-and-without-profit-life-insurance-plans-2166
Life insurance companies from time to time declare bonus on their plans]]>2017-08-21What does ‘medical underwriting’ mean in life insurance?http://images.outlookmoney.com/ask/what-does-medical-underwriting-mean-in-life-insurance-2167
It refers to the kind of underwriting in which the insurance proposal is accepted only after certain medical tests ]]>2017-08-21What are the parameters to keep in mind while choosing a pension plan?http://images.outlookmoney.com/ask/what-are-the-parameters-to-keep-in-mind-while-choosing-a-pension-plan-2174
The savings potential depends on the financial commitments and income of the individual]]>2017-08-23Can I take a child plan for my sister’s daughter without my sister’s knowledge?http://images.outlookmoney.com/ask/can-i-take-a-child-plan-for-my-sisters-daughter-without-my-sisters-knowledge-2175
A child plan can be taken only by parents and not anyone else]]>2017-08-23What are the formalities required to take a health policy for my daughter?http://images.outlookmoney.com/ask/what-are-the-formalities-required-to-take-a-health-policy-for-my-daughter-2176
The first step that you must take in securing an overseas mediclaim policy for her]]>2017-08-24Is it good to use FD for constructing a house instead of availing a home loan?http://images.outlookmoney.com/ask/is-it-good-to-use-fd-for-constructing-a-house-instead-of-availing-a-home-loan-2177
If you finance the construction with a loan, you will increase your assets as well as your liabilities]]>2017-08-23Can I redeem investments in a tax saving fund before the completion of lock-in?http://images.outlookmoney.com/ask/can-i-redeem-investments-in-a-tax-saving-fund-before-the-completion-of-lock-in-2178
You can redeem the units before the completion of the three year lock-in by losing on the tax benefits]]>2017-08-23Which insurance policy should I take to secure the future of my two minor kids?http://images.outlookmoney.com/ask/which-insurance-policy-should-i-take-to-secure-the-future-of-my-two-minor-kids-2198
Almost all the life insurance companies in private and public sector have specially designed policies for children]]>2017-08-27What happens to the existing nominee if I assign my policy in favour of bank?http://images.outlookmoney.com/ask/what-happens-to-the-existing-nominee-if-i-assign-my-policy-in-favour-of-bank-2199
An existing nomination gets automatically cancelled when the policy is assigned]]>2017-08-27Is it good to invest Rs 5,000-Rs 10,000 idle cash in short term liquid funds?http://images.outlookmoney.com/ask/is-it-good-to-invest-rs-5000-rs-10000-idle-cash-in-short-term-liquid-funds-2200
Investing surplus cash in liquid funds is a good move compared to it being retained in a savings bank account]]>2017-08-27What will be the tax treatment on lump sum if I invest in my daughter's name?http://images.outlookmoney.com/ask/what-will-be-the-tax-treatment-on-lump-sum-if-i-invest-in-my-daughters-name-2201
The income arising or accruing to a minor child is clubbed in the hands of the parent with the higher income]]>2017-08-27What should I do if my goal is to accumulate Rs 25 lakh in the next 10 years?http://images.outlookmoney.com/ask/what-should-i-do-if-my-goal-is-to-accumulate-rs-25-lakh-in-the-next-10-years-2202
What you are aiming to accumulate is feasible in the time frame that you have in mind]]>2017-08-27Should one go for an individual mediclaim policy or a family floater cover?http://images.outlookmoney.com/ask/should-one-go-for-an-individual-mediclaim-policy-or-a-family-floater-cover-2205
Under the ‘family floater’ scheme, you choose a sum insured which floats over all the members of the family]]>2017-08-26Should I invest in Reliance Growth fund?http://images.outlookmoney.com/ask/should-i-invest-in-reliance-growth-fund-2206
Reliance Growth fund is an old fund with a proven track record and performance history]]>2017-08-26Can my wife take family floater policy for my in-laws and include our children?http://images.outlookmoney.com/ask/can-my-wife-take-family-floater-policy-for-my-in-laws-and-include-our-children-2210
There are a few plans available that let you cover extended families including parents and in-laws]]>2017-08-28I am investing through SIP in 12 funds. Should I continue investing?http://images.outlookmoney.com/ask/i-am-investing-through-sip-in-12-funds-should-i-continue-investing-2211
You need a good mix of funds that help you create a well diversified portfolio based on your investment time frame]]>2017-08-28What should I do to create an income stream for myself post retirement?http://images.outlookmoney.com/ask/what-should-i-do-to-create-an-income-stream-for-myself-post-retirement-2212
As soon as you turn 60, when you will retire, you should opt for Pradhan Mantri Vaya Vandana Yojana]]>2017-08-29Can I change the nominee in 10 years old life insurance policy?http://images.outlookmoney.com/ask/can-i-change-the-nominee-in-10-years-old-life-insurance-policy-2213
You can change the nominee in the policy that you have as many times as you wish]]>2017-08-29Is it possible to buy a joint life insurance policy if we have young dependents?http://images.outlookmoney.com/ask/is-it-possible-to-buy-a-joint-life-insurance-policy-if-we-have-young-dependents-2220
You should look for independent term plans, which are pure risk insurance covers]]>2017-08-29Where should I invest if I want to park my money for three months?http://images.outlookmoney.com/ask/where-should-i-invest-if-i-want-to-park-my-money-for-three-months-2226
The strategy to park the lump sum in a liquid fund in the interim for the next three months is a good move]]>2017-08-30Should I invest in gold ETF or a gold fund?http://images.outlookmoney.com/ask/should-i-invest-in-gold-etf-or-a-gold-fund-2227
If you wish to invest in gold, you could do so with both the ETF and the gold fund]]>2017-08-30Is big corpus a problem for fund's future performance?http://images.outlookmoney.com/ask/is-big-corpus-a-problem-for-funds-future-performance-2228
What counts with fund performance is the ability of the fund manager to deploy funds within specified risk limits]]>2017-08-31I want life insurance for a period of 10 years. What is the best option?http://images.outlookmoney.com/ask/i-want-life-insurance-for-a-period-of-10-years-what-is-the-best-option-2229
If the life insurance is the main consideration, you should go for a term insurance plan.]]>2017-08-31Can you suggest ELSS funds for three to five years?http://images.outlookmoney.com/ask/can-you-suggest-elss-funds-for-three-to-five-years-2243
ELSS funds are diversified equity funds which have a three-year lock-in period on the investment]]>2017-09-01If I invest my proceeds in equities, will it be exempt from LTCG?http://images.outlookmoney.com/ask/if-i-invest-my-proceeds-in-equities-will-it-be-exempt-from-ltcg-2244
You can invest the gains from the sale, before due date of filing the return for that assessment year]]>2017-09-01What is under insurance? How does it affect the claims?http://images.outlookmoney.com/ask/what-is-under-insurance-how-does-it-affect-the-claims-2245
If an asset is insured for less than its actual value, in insurance parlance it is said to be under insured]]>2017-09-01How can an NRI remit premium to the insurance companies?http://images.outlookmoney.com/ask/how-can-an-nri-remit-premium-to-the-insurance-companies-2246
An NRI can remit premium to the insurance companies in various ways]]>2017-09-01Are funds like SBI Magnum Multicap and HDFC Balanced good to invest in?http://images.outlookmoney.com/ask/are-funds-like-sbi-magnum-multicap-and-hdfc-balanced-good-to-invest-in-2247
The fund selection is good as these are funds with a good performance track record]]>2017-09-01Does the implementation of RERA mean increase in price of existing real estate?http://images.outlookmoney.com/ask/does-the-implementation-of-rera-mean-increase-in-price-of-existing-real-estate-2249
With RERA, what you should look forward to is transparency and better accounting]]>2017-09-02Am I liable to taxes if I redeem my investments or switch to different fund?http://images.outlookmoney.com/ask/am-i-liable-to-taxes-if-i-redeem-my-investments-or-switch-to-different-fund-2251
Depending on the type of fund that you have investments in, long-term or short-term capital gains tax will apply]]>2017-09-02Can I take a travel insurance if I am going for trekking trip later this year?http://images.outlookmoney.com/ask/can-i-take-a-travel-insurance-if-i-am-going-for-trekking-trip-later-this-year-2252
If you plan to engage in adventure sports, then do make sure you declare this while buying the policy]]>2017-09-02Can I increase the cover of my health policy which I bought two years ago?http://images.outlookmoney.com/ask/can-i-increase-the-cover-of-my-health-policy-which-i-bought-two-years-ago-2253
You can check with your existing insurer about increasing the scope of cover on your existing policy]]>2017-09-02Can a cheque drawn in favour of guardian be deposited in minor’s account?http://images.outlookmoney.com/ask/can-a-cheque-drawn-in-favour-of-guardian-be-deposited-in-minors-account-2254
Yes, most banks would accept cheques issued in the name of the guardian as well]]>2017-09-03Can an insurance company refuse to make payment of insurance proceeds?http://images.outlookmoney.com/ask/can-an-insurance-company-refuse-to-make-payment-of-insurance-proceeds-2255
Yes, under some exceptional circumstances they may refuse the payment of policy proceeds]]>2017-09-03If a policyholder becomes insolvent, is there a way to protect the policy?http://images.outlookmoney.com/ask/if-a-policyholder-becomes-insolvent-is-there-a-way-to-protect-the-policy-2256
Your financial interest in a life insurance policy is an asset like any other]]>2017-09-03How is the third party claim gets settled if he is hit by an insured vehicle?http://images.outlookmoney.com/ask/how-is-the-third-party-claim-gets-settled-if-he-is-hit-by-an-insured-vehicle-2257
It will be the third person who will make a claim for compensation against the vehicle owner]]>2017-09-03Does the medical insurance cover pre-existing diseases?http://images.outlookmoney.com/ask/does-the-medical-insurance-cover-pre-existing-diseases-2258
Generally speaking, medical insurance does not cover pre-existing diseases at the time of taking the first policy]]>2017-09-03Learning about moneyhttp://images.outlookmoney.com/ask/learning-about-money-2259
Teachers leave an indelible impression on their students, but rarely do you find them teaching money skills]]>2017-09-05If interest rates are likely to fall, will returns from debt funds also go down?http://images.outlookmoney.com/ask/if-interest-rates-are-likely-to-fall-will-returns-from-debt-funds-also-go-down-2261
Ideally your investments should be based on your financial goal and what you seek your investments to do for you.]]>2017-09-04Is my existing health insurance not suited for dengue or swine flu?http://images.outlookmoney.com/ask/is-my-existing-health-insurance-not-suited-for-dengue-or-swine-flu-2262
A standard health insurance plan takes care of all hospitalisation expenses linked to any ailment]]>2017-09-04What is the difference between dividend reinvesting option and growth option?http://images.outlookmoney.com/ask/what-is-the-difference-between-dividend-reinvesting-option-and-growth-option-2264
Both dividend reinvestment and growth options in a mutual fund allow compounding.]]>2017-09-04Will home insurer cover damage caused by wiring short-circuit due to rains?http://images.outlookmoney.com/ask/will-home-insurer-cover-damage-caused-by-wiring-short-circuit-due-to-rains-2265
Your claim on the wiring short-circuit due to rains and water logging will be covered under the home insurance.]]>2017-09-04My parents are deceased. What legal issues should I sort to access their locker?http://images.outlookmoney.com/ask/my-parents-are-deceased-what-legal-issues-should-i-sort-to-access-their-locker-2266
Normally, bank accounts and lockers require the account holder to mention the nominee for their account.]]>2017-09-04Should I continue the two health insurance plans I have?http://images.outlookmoney.com/ask/should-i-continue-the-two-health-insurance-plans-i-have-2270
The answer will depend on the type of the policies, the scope of cover, and your own health condition]]>2017-09-05How reliable is buying a plan online?http://images.outlookmoney.com/ask/how-reliable-is-buying-a-plan-online-2271
Buying an insurance plan online is safe. However, you need to be mindful of the features that you are opting for]]>2017-09-05Can I redeem a three year closed ended fund?http://images.outlookmoney.com/ask/can-i-redeem-a-three-year-closed-ended-fund-2274
Units of closed ended funds can be redeemed with AMC only at the time of maturity]]>2017-09-06Is there any fee to be paid if I switch between two funds of the same AMC?http://images.outlookmoney.com/ask/is-there-any-fee-to-be-paid-if-i-switch-between-two-funds-of-the-same-amc-2275
Switches or redemption could attract exit load depending on the type of the fund and its exit clause]]>2017-09-06Do motor insurers offer any special insurance specifically for the rains?http://images.outlookmoney.com/ask/ask-question/do-motor-insurers-offer-any-special-insurance-specifically-for-the-rains-2276
Insurers have started to offer add-on covers which covers repair or replacement of engine parts due to water ]]>2017-09-06What are hybrid funds? Are they different from balanced funds?http://images.outlookmoney.com/ask/ask-question/what-are-hybrid-funds-are-they-different-from-balanced-funds-2277
Hybrid funds are suitable for investors with a moderate risk profile]]>2017-09-06How can I change the SIP date of my monthly SIPs in an equity fund?http://images.outlookmoney.com/ask/how-can-i-change-the-sip-date-of-my-monthly-sips-in-an-equity-fund-2278
Every AMC has a common transaction slip; using which any such changes can be taken care of]]>2017-09-06What should be the ideal duration for a life insurance policy?http://images.outlookmoney.com/ask/ask-question/what-should-be-the-ideal-duration-for-a-life-insurance-policy-2279
The selection of duration of the life insurance policy depends on several factors]]>2017-09-07What should I do with my investment in ICICI Prudential Banking?http://images.outlookmoney.com/ask/ask-question/what-should-i-do-with-my-investment-in-icici-prudential-banking-2280
Investing in sector fund is risky as these funds have a narrow investment mandate]]>2017-09-06Should I buy critical illness plan when I already have a family floater policy?http://images.outlookmoney.com/ask/ask-question/should-i-buy-critical-illness-plan-when-i-already-have-a-family-floater-policy-2281
Health cover that you take should consider your current health condition & quantum of cover that you already have]]>2017-09-06Will my dependents get full claim in case I have two term plans?http://images.outlookmoney.com/ask/will-my-dependents-get-full-claim-in-case-i-have-two-term-plans-2289
Your legal nominees or legal heirs will be entitled to claim the sum total of both the policies]]>2017-09-08In what way are liquid funds are superior to bank fixed deposits?http://images.outlookmoney.com/ask/in-what-way-are-liquid-funds-are-superior-to-bank-fixed-deposits-2321
Liquid funds score on two counts in comparison to bank fixed deposits—tax efficiency and the long lock-in]]>2017-09-14I wish to invest in gold. How can I go forward?http://images.outlookmoney.com/ask/i-wish-to-invest-in-gold-how-can-i-go-forward-2290
You can choose the mode of investing into gold based on your convenience and investment needs]]>2017-09-08Is there any policy which can protect my house against claim by third parties?http://images.outlookmoney.com/ask/is-there-any-policy-which-can-protect-my-house-against-claim-by-third-parties-2291
You can go in for a public liability insurance policy for non industrial risks]]>2017-09-08Do I need to pay tax on policy proceeds which was credited to my account?http://images.outlookmoney.com/ask/do-i-need-to-pay-tax-on-policy-proceeds-which-was-credited-to-my-account-2292
If the maturity of your policy is not exempted under Section 10(10D), then the amount will be subject to a TDS]]>2017-09-08I lost my camera from car at a traffic signal. Will I be able to get the claim?http://images.outlookmoney.com/ask/i-lost-my-camera-from-car-at-a-traffic-signal-will-i-be-able-to-get-the-claim-2293
The claim would not be payable as the circumstances of the loss clearly fall within the special exceptions ]]>2017-09-08I invested in the SBI PSU fund NFO. Is it a good fund to continue investing?http://images.outlookmoney.com/ask/i-invested-in-the-sbi-psu-fund-nfo-is-it-a-good-fund-to-continue-investing-2294
The fund is thematic as the investments are in companies run by the government of India undertaking]]>2017-09-09Is there any travel insurance policy that covers multiple trips abroad?http://images.outlookmoney.com/ask/is-there-any-travel-insurance-policy-that-covers-multiple-trips-abroad-2295
For frequent travellers, insurers have come up with policies that provide longstanding and cost-effective policies]]>2017-09-09How should I invest Rs 1 lakh for the future needs of my one-year-old daughter?http://images.outlookmoney.com/ask/how-should-i-invest-rs-1-lakh-for-the-future-needs-of-my-one-year-old-daughter-2296
Starting early with investments in equity funds provides you the benefit of gains from the power of compounding]]>2017-09-09Is it safe to invest in mutual funds considering where the markets stand today?http://images.outlookmoney.com/ask/is-it-safe-to-invest-in-mutual-funds-considering-where-the-markets-stand-today-2297
Mutual fund investments have an element of risk depending on the category of fund you invest in]]>2017-09-09Do I need to mention my past health issues too if I plan to a get health policy?http://images.outlookmoney.com/ask/do-i-need-to-mention-my-past-health-issues-too-if-i-plan-to-a-get-health-policy-2298
You should disclose any past healthcare issue with the insurer at the time of taking the policy]]>2017-09-09How does the no claim bonus (NCB) work in case of a second hand car?http://images.outlookmoney.com/ask/how-does-the-no-claim-bonus-ncb-work-in-case-of-a-second-hand-car-2299
No claim bonus is actually earned by the owner or driver of the car and not the car]]>2017-09-10I want to invest Rs 5,000 every month. Which is the best fund to invest in?http://images.outlookmoney.com/ask/i-want-to-invest-rs-5000-every-month-which-is-the-best-fund-to-invest-in-2300
You have age on your side to benefit from long term systematic investing through SIPs]]>2017-09-10Can I take an education loan to fund my sister’s education?http://images.outlookmoney.com/ask/can-i-take-an-education-loan-to-fund-my-sisters-education-2301
A loan to fund your sister’s education will not allow you tax concessions, unless you are the legal guardian]]>2017-09-10I am investing in HDFC Equity and HDFC Top 200. Where else should I invest?http://images.outlookmoney.com/ask/i-am-investing-in-hdfc-equity-and-hdfc-top-200-where-else-should-i-invest-2302
Instead of adding a third fund, you could increase your investment in either or both these funds]]>2017-09-10What is the criteria for getting tax benefits against repayment of a home loan?http://images.outlookmoney.com/ask/what-is-the-criteria-for-getting-tax-benefits-against-repayment-of-a-home-loan-2303
The tax benefit can be claimed from the financial year when the house is fully constructed]]>2017-09-10Can you suggest a policy to cover the housing loan liability?http://images.outlookmoney.com/ask/can-you-suggest-a-policy-to-cover-the-housing-loan-liability-2304
You can consider a mortgage protection plan]]>2017-09-11What is the difference between unit-linked insurance plan and a mutual fund?http://images.outlookmoney.com/ask/what-is-the-difference-between-unit-linked-insurance-plan-and-a-mutual-fund-2305
Both these investments are market linked, which means they are both subject to market risk]]>2017-09-11Is it important to check the expense ratio of a mutual fund?http://images.outlookmoney.com/ask/is-it-important-to-check-the-expense-ratio-of-a-mutual-fund-2306
The expense ratio is a recurring expense and can change even after your sign up for a scheme]]>2017-09-11Is it possible for cancer patient's insurance policy to pay off before he dies?http://images.outlookmoney.com/ask/is-it-possible-for-cancer-patients-insurance-policy-to-pay-off-before-he-dies-2307
If the policy has the accelerated death benefit rider attached, it will be possible to advance the policy benefits]]>2017-09-11Is the donation I made to a charitable institution exempt from tax?http://images.outlookmoney.com/ask/is-the-donation-i-made-to-a-charitable-institution-exempt-from-tax-2308
Any donation made to a prescribed charitable institution in India qualifies for deduction under Section 80G]]>2017-09-11How can I claim the tax benefit on home loans?http://images.outlookmoney.com/ask/ask-question/how-can-i-claim-the-tax-benefit-on-home-loans-2309
Normally, any sum paid towards repayment of principal amount of housing loan is allowed as a deduction]]>2017-09-11I have an ongoing SIP. Can I invest an additional amount in the same fund?http://images.outlookmoney.com/ask/i-have-an-ongoing-sip-can-i-invest-an-additional-amount-in-the-same-fund-2311
You have the option to increase SIP contributions as and when you feel like by filling up an additional SIP form]]>2017-09-12Is it better to invest in an index fund or an ETF? What is the difference?http://images.outlookmoney.com/ask/is-it-better-to-invest-in-an-index-fund-or-an-etf-what-is-the-difference-2312
The key difference is that ETFs are available on the exchanges on real time Net Asset Value basis]]>2017-09-12What happens if the insured dies before receiving the maturity proceeds?http://images.outlookmoney.com/ask/what-happens-if-the-insured-dies-before-receiving-the-maturity-proceeds-2313
If the insured dies after maturity date but before receiving the proceeds, the claim is treated as a maturity claim]]>2017-09-12Can one claim the pension towards medical expenses and get a tax deduction?http://images.outlookmoney.com/ask/can-one-claim-the-pension-towards-medical-expenses-and-get-a-tax-deduction-2314
According to the provisions under the Income Tax Act, one can claim deduction of the actual expenditure]]>2017-09-12I missed one SIP payment. Can I pay the same before the next date?http://images.outlookmoney.com/ask/ask-question/i-missed-one-sip-payment-can-i-pay-the-same-before-the-next-date-2316
There is no penalty associated with missing the monthly SIP payment]]>2017-09-13Can I request for account statements every month?http://images.outlookmoney.com/ask/ask-question/can-i-request-for-account-statements-every-month-2317
Account statements are being sent with five days of the transaction and also a CAS is being sent ]]>2017-09-13Can I add the recently bought expensive fittings to my home insurance policy?http://images.outlookmoney.com/ask/ask-question/can-i-add-the-recently-bought-expensive-fittings-to-my-home-insurance-policy-2318
It is sensible to go in for an all-risk cover, because it includes losses due to mishandling, short-circuit & theft]]>2017-09-13What is a whole life policy?http://images.outlookmoney.com/ask/ask-question/what-is-a-whole-life-policy-2319
A whole life policy is a plan which provides risk cover for the entire life of the assured]]>2017-09-14Can I nominate my daughter-in-law as executor of my Will?http://images.outlookmoney.com/ask/can-i-nominate-my-daughter-in-law-as-executor-of-my-will-2322
According to law, the executor of a Will has to be mentally sound and should not be a minor]]>2017-09-14Can the insurer charge me higher than quoted premium, citing my bad health?http://images.outlookmoney.com/ask/can-the-insurer-charge-me-higher-than-quoted-premium-citing-my-bad-health-2324
Yes, insurers can load your premiums if they find you to be of a higher risk than the standard life]]>2017-09-14Where can I park the funds for a short time if I need them in next 12 months?http://images.outlookmoney.com/ask/where-can-i-park-the-funds-for-a-short-time-if-i-need-them-in-next-12-months-2325
It will be a good idea to exit your investments and keep it in a liquid fund]]>2017-09-15Is it safe to take a loan from a non-banking financial company?http://images.outlookmoney.com/ask/ask-question/is-it-safe-to-take-a-loan-from-a-non-banking-financial-company-2328
It really does not matter who is giving the loan as long as the terms on which the loan is given are okay]]>2017-09-15I was unable to file the income-tax return for 2016-17? What can I do?http://images.outlookmoney.com/ask/ask-question/i-was-unable-to-file-the-income-tax-return-for-2016-17-what-can-i-do-2329
It is compulsory to fill Form 16 to claim tax deducted on the salary paid by your previous employer]]>2017-09-15Which category of funds are the safest and the strongest on performance?http://images.outlookmoney.com/ask/ask-question/which-category-of-funds-are-the-safest-and-the-strongest-on-performance-2330
There are no funds that can be termed safest when investing in mutual funds]]>2017-09-15What are the pension plan options by insurers in India?http://images.outlookmoney.com/ask/ask-question/what-are-the-pension-plan-options-by-insurers-in-india-2331
There are two kinds of pension plans offered by insurers—immediate annuity plans and deferred annuity plans]]>2017-09-15Should I invest Rs 1 lakh in lump sum or SIP to get a better return?http://images.outlookmoney.com/ask/ask-question/should-i-invest-rs-1-lakh-in-lump-sum-or-sip-to-get-a-better-return-2332
When you invest in mutual funds, you need to be clear on how long you can hold this investment]]>2017-09-15What is the common mistake that people make when deciding on asset allocation?http://images.outlookmoney.com/ask/ask-question/what-is-the-common-mistake-that-people-make-when-deciding-on-asset-allocation-2360
Those who do have an asset allocation do not consider re-balancing portfolio & land up exiting in panic situations]]>2017-09-21Which is the best fund to invest in through a SIP of Rs 15,000?http://images.outlookmoney.com/ask/which-is-the-best-fund-to-invest-in-through-a-sip-of-rs-15000-2333
It will be good to start investing in a balanced fund like ICICI Pru Balanced or ICICI Pru Balanced Advantage fund]]>2017-09-16Where should I invest to fund my son's education which is 10 years from now?http://images.outlookmoney.com/ask/where-should-i-invest-to-fund-my-sons-education-which-is-10-years-from-now-2334
You could invest in funds from the Outlook Money Stellar List]]>2017-09-16Do car insurance companies accept premium in instalments?http://images.outlookmoney.com/ask/do-car-insurance-companies-accept-premium-in-instalments-2335
There is no provision to pay the premium on car insurance in instalments ]]>2017-09-16Where should I invest my savings if I need dividends from them?http://images.outlookmoney.com/ask/where-should-i-invest-my-savings-if-i-need-dividends-from-them-2336
If you are looking at safety, you can choose debt funds with exposure to only high-quality instruments]]>2017-09-16My car met with an accident. How should I claim the loss from the insurers?http://images.outlookmoney.com/ask/my-car-met-with-an-accident-how-should-i-claim-the-loss-from-the-insurers-2337
All you need to do is take your vehicle to a service centre authorised to settle a claim]]>2017-09-16What will happen to the loan if the property goes under some legal dispute?http://images.outlookmoney.com/ask/ask-question/what-will-happen-to-the-loan-if-the-property-goes-under-some-legal-dispute-2338
As a buyer, you are responsible for checking on the property title or the possibilities of a delay in construction]]>2017-09-17How much of corpus can I accumulate if I invest Rs 5,000 through SIPs?http://images.outlookmoney.com/ask/ask-question/how-much-of-corpus-can-i-accumulate-if-i-invest-rs-5000-through-sips-2339
Funds like Franklin India High Growth or SBI Magnum Multicap and ICICI Pru Focused Bluechip are good to invest in]]>2017-09-17Will a standard fire and special perils policy cover the risk of earthquake?http://images.outlookmoney.com/ask/ask-question/will-a-standard-fire-and-special-perils-policy-cover-the-risk-of-earthquake-2340
You don’t have to consider taking another policy to cover the earthquake risk]]>2017-09-17Is it true that I cannot add the critical illness rider beyond a sum?http://images.outlookmoney.com/ask/ask-question/is-it-true-that-i-cannot-add-the-critical-illness-rider-beyond-a-sum-2341
The total rider premium under all riders put together cannot exceed 30 per cent of the base plan premium]]>2017-09-17Should I redeem my units as I think the market is going to fall before Diwali?http://images.outlookmoney.com/ask/ask-question/should-i-redeem-my-units-as-i-think-the-market-is-going-to-fall-before-diwali-2342
It appears that you are unable to distinguish between real and notional loss and gains]]>2017-09-18What factors should be kept in mind while choosing a bank for senior citizens?http://images.outlookmoney.com/ask/ask-question/what-factors-should-be-kept-in-mind-while-choosing-a-bank-for-senior-citizens-2343
Look for core banking facility in the bank as it will help you deposit/ withdraw money from any place]]>2017-09-18I plan to renovate my house next month. Can I get a loan to do this?http://images.outlookmoney.com/ask/ask-question/i-plan-to-renovate-my-house-next-month-can-i-get-a-loan-to-do-this-2344
Yes, home improvement loans are available these days that you could opt for]]>2017-09-18What is the difference between diversified equity scheme and ELSS?http://images.outlookmoney.com/ask/ask-question/what-is-the-difference-between-diversified-equity-scheme-and-elss-2345
The only difference between a diversified equity scheme and an ELSS is that the latter offers tax benefits]]>2017-09-18Is it right to invest in ICICI Prudential Balance fund in retirement?http://images.outlookmoney.com/ask/ask-question/is-it-right-to-invest-in-icici-prudential-balance-fund-in-retirement-2346
You have invested in a good balanced fund which has a proven track record and performance history to go by]]>2017-09-18Why mutual funds are considered investor-friendly?http://images.outlookmoney.com/ask/ask-question/why-mutual-funds-are-considered-investor-friendly-2347
Mutual fund investments are considered investor-friendly because they offer flexibility]]>2017-09-19I wish to start a SWP and invest Rs 10 lakh. Suggest a suitable fund.http://images.outlookmoney.com/ask/ask-question/i-wish-to-start-a-swp-and-invest-rs-10-lakh-suggest-a-suitable-fund-2348
You can initiate an STP in any good performing fund from out Stellar List of funds]]>2017-09-18I have just started my career. Which insurance should I buy at this stage?http://images.outlookmoney.com/ask/ask-question/i-have-just-started-my-career-which-insurance-should-i-buy-at-this-stage-2350
Ideally, you should consider an accident insurance and medical insurance before thinking of life insurance]]>2017-09-18Can the bank auto debit money from my account without sending me a notice?http://images.outlookmoney.com/ask/ask-question/can-the-bank-auto-debit-money-from-my-account-without-sending-me-a-notice-2351
Typically such an action is possible only when you have opted for auto debit on credit card dues]]>2017-09-19I lost my mediclaim card, but need to get hospitalised soon. What should I do?http://images.outlookmoney.com/ask/ask-question/i-lost-my-mediclaim-card-but-need-to-get-hospitalised-soon-what-should-i-do-2352
You should not worry much because the mediclaim card is not necessary to get hospitalised]]>2017-09-20Can a bank deny money to the nominee after account holder's demise?http://images.outlookmoney.com/ask/can-a-bank-deny-money-to-the-nominee-after-account-holders-demise-2353
They may charge you an exit penalty or pay you a lower interest on the deposit, but they cannot deny you the money]]>2017-09-20Do I need to disclose my smoking habit while purchasing a health cover?http://images.outlookmoney.com/ask/do-i-need-to-disclose-my-smoking-habit-while-purchasing-a-health-cover-2354
If there is any information sought wherein you have to inform about this habit – please do so and not hide it]]>2017-09-20Can I access my parent's locker which they haven't used for seven years now?http://images.outlookmoney.com/ask/can-i-access-my-parents-locker-which-they-havent-used-for-seven-years-now-2355
Look up the RBI guidelines on nomination for locker, or speak to your local bank to get an idea on what these are]]>2017-09-20Is the motor insurance transferable or can I ask the insurer for refund?http://images.outlookmoney.com/ask/is-the-motor-insurance-transferable-or-can-i-ask-the-insurer-for-refund-2356
Both the options—transfer of insurance policy or asking the insurer to refund the premium—are available]]>2017-09-20Can I take home loan from a relative? Can I still claim the tax benefits?http://images.outlookmoney.com/ask/can-i-take-home-loan-from-a-relative-can-i-still-claim-the-tax-benefits-2357
Under Section 24 of the Income Tax Act, 1961, tax deduction benefits will be available only on the interest paid]]>2017-09-20What should be kept in mind before deciding in favour of any agent or a broker?http://images.outlookmoney.com/ask/ask-question/what-should-be-kept-in-mind-before-deciding-in-favour-of-any-agent-or-a-broker-2359
An agent represents one insurer whereas a broker represents a client]]>2017-09-21Does health insurance only cover treatments in hospitals?http://images.outlookmoney.com/ask/ask-question/does-health-insurance-only-cover-treatments-in-hospitals-2358
Generally, health insurance covers treatment in hospitals or day-care centres]]>2017-09-21Guide on my choice of funds as I plan to build Rs 20 lakh savings in 15 years.http://images.outlookmoney.com/ask/ask-question/guide-on-my-choice-of-funds-as-i-plan-to-build-rs-20-lakh-savings-in-15-years-2361
You have made an early start which will go a long way in achieving your financial goals]]>2017-09-21Can I take two separate home loans at the same time for two different flats?http://images.outlookmoney.com/ask/ask-question/can-i-take-two-separate-home-loans-at-the-same-time-for-two-different-flats-2362
You can borrow from the same lender to fund your dreams to buy two homes]]>2017-09-21Will my previous claim history impact premiums and claims of my travel policy?http://images.outlookmoney.com/ask/will-my-previous-claim-history-impact-premiums-and-claims-of-my-travel-policy-2363
Normally pre-existing diseases are excluded from overseas travel insurance]]>2017-09-22Which fund should I invest in if I plan to invest Rs 20,000 per month?http://images.outlookmoney.com/ask/which-fund-should-i-invest-in-if-i-plan-to-invest-rs-20000-per-month-2364
You could look at funds from the Outlook Money Stellar list or the OLM Elite, depending on your comfort]]>2017-09-22Should I take a critical illness rider or go for a standalone similar policy?http://images.outlookmoney.com/ask/should-i-take-a-critical-illness-rider-or-go-for-a-standalone-similar-policy-2365
Unlike a rider in a life policy, standalone policies can be taken for as much cover that you deem fit]]>2017-09-22I am 38 and I don’t have a life cover. How much insurance should I buy?http://images.outlookmoney.com/ask/i-am-38-and-i-dont-have-a-life-cover-how-much-insurance-should-i-buy-2366
You should take life insurance if you have financial liabilities or have financial dependents]]>2017-09-22Do I need to add debt funds in my portfolio if I mostly invest in equity funds?http://images.outlookmoney.com/ask/do-i-need-to-add-debt-funds-in-my-portfolio-if-i-mostly-invest-in-equity-funds-2367
You should not blindly add debt funds to your investments because you have not invested explicitly in debt funds]]>2017-09-22I already have mediclaim policy, should I still go for a critical illness rider?http://images.outlookmoney.com/ask/i-already-have-mediclaim-policy-should-i-still-go-for-a-critical-illness-rider-2369
Before making any decision, understand the difference between the two forms of insurance covers]]>2017-09-23How should I select my funds if I want to invest for ten years through SIPs?http://images.outlookmoney.com/ask/how-should-i-select-my-funds-if-i-want-to-invest-for-ten-years-through-sips-2370
It will be a good move to invest in a well-diversified portfolio of funds through SIPs]]>2017-09-23I invest through SIPs in DSPBR Tax Saver. Should I quit this fund now?http://images.outlookmoney.com/ask/i-invest-through-sips-in-dspbr-tax-saver-should-i-quit-this-fund-now-2372
Preferably, you should stop SIPs in this ELSS and have lump sum investments instead
]]>2017-09-23What is accelerated death benefit with regard to life insurance?http://images.outlookmoney.com/ask/what-is-accelerated-death-benefit-with-regard-to-life-insurance-2371
Accelerated death benefit is a provision that is offered by some life insurers on select policies]]>2017-09-23Do insurers pay for the policy proceeds, if the insured die due to alcoholism?http://images.outlookmoney.com/ask/do-insurers-pay-for-the-policy-proceeds-if-the-insured-die-due-to-alcoholism-2373
Death due to being an alcoholic is not excluded in regular life insurance]]>2017-09-23Do banks accept insurance policies as collateral?http://images.outlookmoney.com/ask/ask-question/do-banks-accept-insurance-policies-as-collateral-2374
Banks will examine the features of the policy before accepting it as collateral]]>2017-09-24How can I invest the sum that will mature from the FD for one year?http://images.outlookmoney.com/ask/ask-question/how-can-i-invest-the-sum-that-will-mature-from-the-fd-for-one-year-2375
You could invest in funds like Aditya Birla Sun Life Floating Rate Fund or Axis Liquid Fund among many others]]>2017-09-24I am 23 years old. At what age should I buy a life insurance policy?http://images.outlookmoney.com/ask/ask-question/i-am-23-years-old-at-what-age-should-i-buy-a-life-insurance-policy-2376
The requirement of life insurance arises when you have financial dependents]]>2017-09-24I wish to invest in five mutual funds. Is this a correct approach?http://images.outlookmoney.com/ask/ask-question/i-wish-to-invest-in-five-mutual-funds-is-this-a-correct-approach-2377
For a first time investor, you should look at the amount of money you can invest each month]]>2017-09-24What happens to the nominations if the policy is assigned in favour of a creditohttp://images.outlookmoney.com/ask/ask-question/what-happens-to-the-nominations-if-the-policy-is-assigned-in-favour-of-a-creditor-2378
The existing nominations under a policy get automatically cancelled when it is assigned]]>2017-09-24